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VAT Connect Issue 4 (August 2014)

[…] immediately after importation, VAT is only payable on the scrap value and not the original importation value. This change aligns the VAT Act with similar relief from duties provided in the Customs and Excise Act, 1964.  Exemption for homeowners’ associations – The supply of services by, for example, a sectional title body corporate to […]

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High Court: 2022-2020

[…] cleared in 139 import transactions. SAB later discovered that the goods were fraudulently cleared by Ocean Light as traditional African beer – a product attracting less import duties and as a result of which, import duties and VAT amounting to R139m was not paid over to SARS. SARS had, through third party appointments and […]

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How does Auto-Assessment work

[…] been issued after the deadline, the 40 business days will start on the date of the notice of the assessment.   How does the Auto-Assessment work? SARS receives data from employers, medical schemes, banks, retirement annuity funds, and other institutions. This data is used to calculate your tax assessment. If we are satisfied that the […]

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Completing an ITR14

[…] ITR14.   If you want to make any changes then you will have to updated the legal entity information on the RAV01 on your eFiling profile. See our page on Keeping my business details up to date for more information. Frequently Asked Questions FAQ: Which return must be completed by Companies? The Company Income Tax […]

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Tax Practitioners’ Connect Issue 25 (September)

Third Party Data Bi-Annual Submissions 2021: Now Open!  The SARS Third Party Data Bi-Annual Submissions for the period 1 March 2021 – 31 August 2021 opened on 01 September 2021, and will close on 31 October 2021.  Submissions of data files and declarations of the various reportable data types are now due.   At this time, […]

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Tax Practitioner Connect Issue 19 (6 November 2020)

[…] eFiling. For your information,  kindly refer to the Guide on How to Register for eFiling and Manage Your Profile, or see the FAQ on the Tax Practitioner’s Page under How do I initiate a tax type transfer on eFiling? Unlawful for tax practitioners to approve online PoAs on behalf of clients There seems to […]

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Tax Practitioner Connect Issue 47 (October 2023)

[…] for Employers and non-business individuals with a modern, fully automated tax-assessment, withholding, and tax-payment system. The first step in achieving this objective requires Employers to submit payroll data monthly from 1 March 2025. The PAYE Monthly Submission External BRS defines the requirements Employers must adhere to for the monthly submissions. Additional functionality for the SARS Online […]

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Government Connect Issue 14 (October 2023)

[…] for Employers and non-business individuals with a modern, fully automated tax-assessment, withholding, and tax-payment system. The first step in achieving this objective requires Employers to submit payroll data monthly from 1 March 2025. The PAYE Monthly Submission External BRS defines the requirements Employers must adhere to for the monthly submissions. Additional functionality for the SARS Online […]

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Filing, Declaration and Payment

[…] a face-value verification of the information declared by the taxpayer on the declaration or in a return. This involves a comparison of this information against third party data gathered by SARS from various sources, the financial and accounting records and/or other supporting documents provided by taxpayers to ensure that the declaration/return is a fair […]

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eDNA Identity Security

[…] valid RSA identity document or ID card, the SARS agent will take the taxpayer’s photograph and scan his / her fingerprint. The fingerprint will then be checked against the data that the Department of Home Affairs have on record.   How does it work? The services that will require taxpayer authentication through the online Taxpayer Verification System (TPV) […]

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