Staff Writer11 June 2022 The South African Revenue Service (SARS) has announced the start dates and details for the 2022 tax season, with the tax authority warning of penalties for South Africans who fail to submit timeously. From a taxpayer perspective, the importance of submitting tax returns, specifically within stipulated deadlines, is supported by the […]

The financial experts at Price Waterhouse Copper (PWC) say that they have been notified of SARS’ intentions to declare the start of ‘filing season’ this week – and South Africans will be expected to start submitting their tax return from July 2022 onwards. However, there’s a significant cohort of our fellow citizens who won’t have to lift […]

The Office of the Tax Ombud recently identified repeated verifications of the same tax risk by the South African Revenue Service (Sars) as a systemic issue. These inappropriate verifications were discovered during an analysis to determine the root causes behind delays in the payment of refunds. Taxpayers who find themselves frustrated by being subjected to […]

Higher tax deductions have started to hit thousands of retirees in recent weeks.   This is as a result of administrators implementing tax directives from SARS to ensure the correct tax is collected upfront from retirees who receive more than one pension or a pension and salary income.   Most taxpayers earning more than one pension or […]

And what you should be aware of when setting one up. A living trust can be a very useful estate planning if set up correctly and for the appropriate purposes, but before determining whether a trust is suitable for your purposes, it is important to weigh up the advantages and disadvantages of doing so. In […]