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Comprehensive Guide to the Income Tax Return for Trusts

Download PDF Guide Summary The purpose of this webpage is to provide guidance for the completion of the Income tax return for Trusts (ITR12T). A Trust is formed when the founder (also referred to as a donor or settlor) places cash or other assets under the administration and control of a trustee(s) to or for […]

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Guide to Register for eFiling and Manage your User Profile

Download PDF Guide Summary The purpose of this webpage is to assist clients to register for eFiling and manage their eFiling profiles. eFiling is a free electronic tool designed by SARS to offer electronic services such as filing tax returns, making payments and accessing accounts to name a few. It allows you the benefit of […]

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Filing Season 2020

Our country is enduring the most difficult period in its history. As President Cyril Ramaphosa aptly reminded us on Wednesday 17 June: “For 100 days we have been living in the shadow of one of the greatest threats to global health in over 100 years.”

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SARS welcomes the revised Revenue Estimate

SARS welcomes the upwardly revised revenue collection estimate announced by Minister of Finance, Mr Enoch Godongwana. In his 2022 Budget Review speech, Minister increased the revenue estimate to R1 547.07 billion from the February 2021 budget estimate of R1 365.1billion. The 2021/22 revenue yield is expected to result in the tax-to-GDP ratio reaching 24.7%, which is higher than pre-COVID level and that indicates that the extraction rate is on a positive trajectory.

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Release of the 15th Annual Edition of Tax Statistics

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.

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