Tag Archives: SARS

Exemption of foreign pensions in South Africa

Although there has been an increasing trend in recent times of emigrations from South Africa, there are many projects by the Department of Home Affairs to market South Africa as a friendly retirement destination for foreigners. The question, therefore, often … Continue reading

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Beware of scams during filing season

In late August 2020, a large credit bureau in South Africa was the target of a data breach where millions of private individual and company data records were compromised. This data leakage, coupled with the tax filing season, makes for the perfect opportunity for taxpayers’ information to be abused, subjecting taxpayers to potential financial loss. Scammers thrive on the inherent vulnerability … Continue reading

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Employer reconciliation, third party declaration period opens

The interim employer reconciliation and third party declaration period is now open, the South African Revenue Service (Sars) said on Tuesday. On the Covid-19 Tax Relief Measures announced by the Minister of Finance earlier this year, Sars said this provided … Continue reading

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Can Sars deduct tax debts from your bank account?

Section 179 of the Tax Administration Act, 2011 allows the South African Revenue Service (Sars) to issue a notice to a person who holds or owes money, including a pension, salary, wage or other remuneration, for or to a taxpayer, … Continue reading

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Estate planning: The role of your executor

You need to appoint someone with the right set of skills to ensure that the process runs as smoothly as possible.  Executorship is an onerous position and, given that an estate can take anywhere between six months and several years … Continue reading

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All taxpayers beware – 10 points from SARS

On 5 May 2020, the commissioner for the South African Revenue Service (SARS) provided a detailed account of projected revenue collection in light of the Covid-19 crisis, along with insight of what we can expect from the tax collector in coming … Continue reading

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SARS is changing the tax filing season due to the coronavirus – here’s what you need to know

The South African Revenue Service (SARS) has outlined changes to the coming tax filing season due to the impact of the coronavirus.  In a presentation on Tuesday (5 May), SARS commissioner Edward Kieswetter said that the season will be comprised … Continue reading

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Further tax measures to provide support

Finance Minister Tito Mboweni has provided more details on the second set of measures that are aimed at assisting individuals and businesses through the COVID-19 pandemic.  “There is a critical need for government interventions to assist with job retention and … Continue reading

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The lockdown: Impact on tax and unemployment related matters

There is no relief for the submission of tax returns. The President of South Africa, Mr Cyril Ramaphosa, recently announced a 21-day lockdown period from midnight on Thursday, 26 March until midnight on Thursday, 16 April 2020 due to the … Continue reading

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Budget 2020 highlights

“Ex Africa Semper aliquid novi,” winning requires hard work, focus, time, patience and resilience. Finance Minister Tito Mboweni delivered his National Budget Speech on 26 February 2020, leaving South African taxpayers pleased by the implementation of tax relief on personal income … Continue reading

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