Rising emigration costs amid SARS interest charges

Tags: SARS Reading Time: 4 minutes National Treasury has recently published the Taxation Laws Amendment Bill, which incorporates taxation proposals tabled in the 2021 National Budget.  Several rules pertaining to the income tax treatment of retirement savings upon tax...

SARS closing its net on the wealthy…

Tags: Income tax, SARS Reading Time: 3 minutes SARS (South African Revenue Services) is closing in on individuals who have purchased pricey cars or property in recent years if their declared income tax does not match this lavish lifestyle. Recently, finance minister...

Trading in Cryptocurrencies? Say Hello to SARS…

Tags: cryptocurrencies, SARS Reading Time: 3 minutes Individuals who have invested and are trading in cryptocurrencies are now being audited by SARS (South African Revenue Services) and have been requested to provide more information regarding these investments. Audit...

Earning income from Airbnb? Say Hello to SARS…

Tags: Income, SARS Reading Time: 3 minutes If you are earning an income from guests at an Airbnb, or any other rental income from letting property as an owner, then it is your duty to declare such income to SARS (South African Revenue Services) when doing your tax...

SARS Auto-Assessments | Here’s What You Need To Know

Tags: Accounting Reading Time: 3 minutes Non-provisional taxpayers can now take advantage of SARS auto-assessments which have been rolling out since 31 July 2020. In a bid to make tax season an easier one for taxpayers, The South African Revenue Service introduced...