The Lowdown on SARS VAT Estimated Assessments

Reading Time: 3 minutes Reading Time: 3 minutes Since the introduction of the Tax Administration Act (TAA) in 2011, SARS has been empowered to issue VAT estimated assessments against taxpayers who fail to respond to requests for supporting documentation to...

“No, we aren’t being selective…”

Reading Time: 2 minutes Reading Time: 2 minutes Emerging in the recent tax submission season, many have expressed their ongoing frustrations with The South Africa Revenue Services (SARS) regarding their methods for tax return verification selection. This verification...

VAT on electronic services

Reading Time: 2 minutes Reading Time: 2 minutes On 24 October 2018, National Treasury published new regulations pertaining to “electronic services” defined in Section 1 of the Value Added Tax (VAT) Act of 1991. These regulations relate specifically to the provision of...

VAT Compliance | 10 Common Mistakes to Avoid

Reading Time: 3 minutes Reading Time: 3 minutes VAT Compliance Mistakes that you want to avoid Not meeting tax return requirements, compliance matters and deadlines could lead to your company being audited and investigated by SARS. All processes relating to these...

VAT increase and accounting systems

Reading Time: < 1 minute Reading Time: < 1 minute As you are aware, the National Treasury announced an increase in Value Added Tax (VAT) from 14% to 15% effective 1 April 2018. We urge you to ensure that your accounting systems are set up to process transactions...
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