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
Welcome to the latest edition of Tax Practitioner Connect, the electronic newsletter for tax practitioners that keeps you up to date with the tax matters
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.
The Commissioner of the South African Revenue Service (SARS), Mr Edward Kieswetter, told Parliament today that SARS was encouraged by the measured progress in rebuilding SARS as an institution transforming itself into a SMART Modern SARS.
The South African Revenue Service (SARS) participated in two multilateral meetings in the current week to cement international tax co-operation in Africa and among the BRICS Countries (Brazil, Russia, India, China and South Africa).
The South African Revenue Service (SARS) accepted the increased revenue collection estimate announced by Minister of Finance, Mr Enoch Godongwana. In his 2023 Budget Speech, the Minister increased the revenue estimate to R1.69 trillion, an increase of R93.7 billion from the 2022 February Budget statement.
For the financial year ending 31 March 2019, SARS collected an amount of R1 287.6 billion, against the 2019 Budget estimate of R1 302.2 billion resulting in a deficit of R14.6 billion (-1.1%).
The South African Revenue Service (SARS) welcomes the upwardly revised revenue collection estimate announced by the Minister of Finance Tito Mboweni in his 2021 Budget Review presentation in Parliament today.
The South African Revenue Service (SARS) welcomes the unflinching commitment made by the Minister of Finance, Mr Enoch Godongwana, to fiscal sustainability, enabling long-term growth by narrowing the budget deficit and stabilising debt, when he presented the Medium Term Budget Policy Statement (MTBPS) in Parliament today.
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