With COVID-19 burdening the economy and SARS seeking to increase its revenues however it can, organizations with misconceptions about how certain payroll elements should be taxed may unknowingly be exposing themselves financially. Says Tanya Tosen, Tax and Remuneration Specialist at Remuneration Consultants South Africa: “We often come across the following top five errors payrolls that […]
As 28 February 2021 looms near on the horizon, so too does the deadline for the second provisional tax submissions for 2021. This February will be the most important tax submission to date for expatriates earning above the R1.25million threshold as they will now be exposed to a previously non-existent tax liability in South Africa. […]
With South Africa and the world at large facing an economic downturn as a result of various factors, not the least of which being the Covid-19 pandemic, SARS is on a mission to plug the existing gaps in tax revenue collection and compliance. It is no stretch of the imagination to believe that cryptocurrency must […]
A new set of tax law amendments, signed by President Cyril Ramaphosa, and promulgated on 20 January 2021 has granted SARS all the legal fire power it needs to impose criminal sanctions on taxpayers who neglect their tax affairs. Criminal Negligence Prior to the promulgation of the Tax Administration Laws Amendment Act, 2020 (Amendment Act) […]






