[…] By working together, SARS and small businesses can ensure a fair and efficient tax system that enables the state to provide for the well-being of the country. VAT Enhancements for Estimated Assessments SARS can now generate an estimated assessment for VAT. If a vendor does not provide the relevant material requested by SARS during […]
[…] Only if the trustee RR acting on behalf of the trust/Body corporate accompanies the tax practitioner √ For Trust registrations only 1st time registration ( VAT) *See exceptions below √ 1st time registration (PAYE) *See exceptions below √ Update of […]
[…] or exports may require an import or export permit. Clients dealing with bonded goods or goods moved in transit with the temporary suspension of duties and VAT must retain the proof of export in order to acquit them of their liability for the duties and taxes. Any goods that are being recovered from […]
[…] expected revenue loss of R5 billion. See our FAQs for Employers. See Treasury and SARS’s Explanatory Notes on Tax Measures. Extension of COVID-19 relief for PAYE. 2. VAT: Fast-tracking of value-added tax (VAT) refunds: Smaller VAT vendors that are in a net refund position will be temporarily permitted to file monthly instead of once […]
This publication, being the fourth edition newsletter, follows the Medium – Term Budget Policy Statement (MTBPS) delivered by the Honorable Finance Minister Enoch Godongwana. The positive news is that it seems like South Africa has retreated from a fiscal cliff, as businesses are on the recovery trajectory. Treasury plans to provide debt relief for Eskom, […]
[…] Municipalities become disestablished, they merge with other Municipalities and in some instances new Municipalities may be formed. Some of the tax considerations that arise out of it: VAT and PAYE tax reference numbers where municipalities have ceased to exist or merged with other municipalities will need to be deregistered with SARS; Registered Particulars of […]
[…] queries 5. Follow up on an audit or refund – send us an email to request feedback 6. Request a Tax Clearance 7. Make an electronic payment 8. Obtain Value-Added-Tax ( VAT) notice of registration 9. Obtain PIT notice of registration 10. Lodge a dispute 11. View statement of account 12. Submit returns For more information please visit our website on www.sars.gov.za […]
[…] the SMS services. SARS USSD Channel You can now request specific Personal Income Tax related services by submitting a USSD string to SARS. The USSD channel acti vation involves you typing a string of characters which comprises of an asterisk (*), followed by a few digits and ending with a hashtag (#) and dialling. […]
[…] click on each heading to expand the corresponding article. REVISED REGISTRATION, AMENDMENTS AND VERIFICATION (RAV01) FORM Legislative changes for Collective Investment Schemes (CIS) and Value-Added Tax ( VAT) which were recently introduced and from 9 October 2015 accommodated in our systems, will improve the registration process and ease the administrative burden on taxpayers. The legislative […]
[…] is it? Turnover tax is a simplified system aimed at making it easier for micro business to meet their tax obligations. The turnover tax system replaces Income Tax, VAT, Provisional Tax, Capital Gains Tax and Dividends Tax for micro businesses with a qualifying annual turnover of R 1 million or less. A micro business that […]
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