The 2021 edition of the 10X Retirement Reality Report points to a deteriorating pension outlook for South Africans. In the wake of the Covid-19 pandemic, even fewer now look forward to a comfortable retirement, says Chris Eddy, head of investments at 10X Investments. This is evident across all age...

The issue of lifestyle audits and the use of third-party data by the South African Revenue Service (SARS) has once again come under the spotlight, with tax experts warning that taxpayers must disclose any substantial transactions, including those made with cryptocurrencies. Speaking in a panel...

Even as accountants are doing their best to help their organizations deal with the risks and uncertainties brought by the pandemic, the COVID-19 pandemic and the Delta variant have upended the traditional tools that accountants and the finance teams at organizations have been using to predict...

South Africans living abroad should be aware of the seriousness of the South African Revenue Service (SARS) dealing with non-compliance, says specialist tax advisory Tax Consulting SA. “Provided that you are working abroad and have not ceased your tax residency, while not filing tax returns or...

Towards the end of July, president Cyril Ramaphosa announced a series of emergency tax relief measures in response to the continuing Covid-19 pandemic and recent unrest, helping affected and tax compliant businesses recover and ensure livelihoods for employees. Further details of the proposed...

Not everyone who has earned an income in the current tax year needs to file a tax return. SARS has announced that their filing season will run from July 1 to November 23 for individual taxpayers, with taxpayers being encouraged to file online. Provisional taxpayers, including trusts, will have...

In the wake of a surge in claims for home office deductions, the South African Revenue Service (SARS) held a webinar to ensure taxpayers understand the requirements for their claims to pass muster. During the webinar, the SARS Commissioner, Edward Kieswetter, advised taxpayers to think carefully...

The South African Revenue Service (SARS) has announced the opening of the filing season for individual taxpayers. The revenue collector said that the filing season will run from 1 July – 23 November, with taxpayers encouraged to file online. SARS said that taxpayers who cannot file online can do...

SARS has published a notice outlining which South Africans have to submit a tax return in 2021. The notice in respect of the 2021 year of assessment was published first published on 14 May, with  the revenue collector publishing an additional guidance note this week, says Jean du Toit, Head of Tax...

The South African Revenue Services (SARS) has announced that taxpayers will be able to file their tax returns from 1 July 2021. The revenue collector added that a significant number of individual taxpayers will be auto-assessed once again this year, and that this process will also start around the...