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2023 Draft Tax Law Amendments: What To Know

Reading Time: 3 minutes Reading Time: 3 minutes What To Know About The 2023 Draft Tax Law Amendments The National Treasury unveiled its annual draft income tax amendments on July 31, 2023, opening it up for public feedback. It is anticipated that most of the suggested...

SARS R50m Asset Disclosures

Reading Time: 3 minutes Reading Time: 3 minutes Specific Asset Disclosures Underway… The South African Revenue Service (SARS) has announced the long-awaited introduction of a “specific asset” disclosure requirement for affluent individuals. Individuals with assets...

Accuracy Pivotal in SARS Auto-Assessments 2023

Reading Time: 3 minutes Reading Time: 3 minutes SARS Improving Tax Services The SARS auto-assessment system has been designed to streamline their tax services and the annual returns filing process. This system generates a pre-calculated tax return based on information...

Is SARS Onto Your Dormant Company?

Reading Time: 3 minutes Reading Time: 3 minutes What is a Dormant Company? While considered a generic phase, a dormant company is typically classified as a registered business on SARS’s radar that is no longer on yours. Official deregistration might not have been...