Tax Bite: SARS Vision 2024 A Fundamental Change to the Tax Return Process The South African Revenue Service (SARS) has been working on a new vision for the future of tax returns in South Africa. Dubbed ‘Vision 2024’, the plan aims to fundamentally alter the process of...
TAX BITES - Employment Tax Incentive?Introduced in 2014, the Employment Tax Incentive (ETI) encourages the employment of young and less experienced work seekers. With millions of young South Africans excluded from participating in the economy, they are more likely to suffer the consequences of unemployment....
TAX BITES - What is an IT88?Many South African taxpayers owe SARS administrative penalties for failure to submit their personal income tax returns. If a taxpayer fails to respond to notices or demands concerning outstanding administrative penalties, SARS may under Section 179(1) of the Tax...
Property Practitioners Act SummaryThe new Property Practitioners Act (Act no 22 of 2019) (“PPA”) and Regulations came into effect on 1 February 2022. This Act and Regulations replace the old Estate Agency Affairs Act (“EAAA”) and Regulations. The newly introduced Act introduces several changes within...
Tax Guide 2022/2023 Following this year’s Budget Speech by Finance Minister Enoch Godongwana, we have prepared a useful Tax Guide with the new tax tables for the 2022/2023 tax year. The Tax Guide can be consulted for more information on South Africa’s tax legislation.The Tax Guide...
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