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Employer Annual Reconciliation period The submission period for the Employers’ Annual Reconciliation Declaration (EMP501) is 1 April to 31 May 2024. These reconciliation declarations (EMP501) should include the
The Customs Division of South African Revenue Service (SARS), using modern risk detection systems and working with other law enforcement agencies, have seized illicit cigarettes, hookah-pipe tobacco and scrap metal with a total tax prejudice of R40-million.
Our website is divided into four major areas. Individuals Where you can learn about taxes; find out about the taxes for individual taxpayers; how tax
The South African Revenue Service (SARS) welcomes the Medium-Term Budget Policy Statement (MTBPS) tabled in Parliament today by the Minister of Finance, Mr Enoch Godongwana. The Minister revised the 2024 February Budget net tax revenue estimate from R1 863.0 billion to R1 840.8 billion.
SARS Commissioner Edward Kieswetter, today announced the appointment of 3 Deputy Commissioners, to strengthen his executive team within SARS. This follows an extensive executive search which resulted in the appointment of one internal candidate and two from private sector.
This past week witnessed the tax world focusing on taking tax transparency and exchange of information to the next level during the annual OECD Global Forum on Tax Transparency and Exchange of Information for Tax Purposes (Global Forum) 15th Plenary held in Seville, Spain from 9-11 November 2022.
National Treasury and the South African Revenue Service have published the 15th annual edition of the Tax Statistics. The 2022 edition provides an overview of tax revenue collections and tax return information for the 2018 to 2022 tax years, as well as the 2017/18 to 2021/22 fiscal years.
The National Treasury and the South African Revenue Service are pleased to announce the release of the 10th annual edition of the Tax Statistics today, on Tuesday 12 December 2017.
1. Introduction According to a 2020 Trans Union report, as a result of the COVID-19 Pandemic, 95% of SMMEs (i.e., 2.55 million in RSA) reported
SARS will be migrating to a new hosting platform for its electronic services in April 2019. This new and reliable platform features the latest technology on the market, and includes a refresh of SARS’ hardware and software.
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