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Davis Tax Committee Invites Input

Davis Tax Committee Invites Input


South African Revenue ServiceThe Davis Tax Committee has called for contributions from stakeholders on ways in which the tax system can be improved to facilitate entrepreneurship and the growth of…

Cheque Limit for Income Tax Payments


South African Revenue ServiceNo cheque payments over R100 000 for income tax owed can be made to the South African Revenue Service (SARS).SARS announced this in Government Gazette 36921.The limitation…

Tax Administration Bill to be Tabled


South African Revenue ServiceThe Tax Administration Laws Amendment Bill is to be tabled in Parliament on 24 October 2013.The draft bill's explanatory summary was published in Government Gazette 36941.The South…

Phased Approach to Tax Practitioner Regulation


South African Revenue ServiceGovernment plans to enhance the regulation of tax practitioners in a phased manner.The former commissioner of the South African Revenue Service (SARS), Oupa Magashula, revealed this during…

SARS Introduces E-Filing for Excise Duties


South African Revenue ServiceImporters of goods will now be able to submit excise accounts electronically to the South African Revenue Service (SARS).This provision is contained in amendments to the DAR…

New Foreign Tax Rebate Rule in Effect


South African Revenue ServiceIn order to qualify for a rebate in respect of foreign taxes on income earned within South Africa, the local taxpayer must notify the South African Revenue…

2013 Tax Season Underway


South African Revenue Service1 July marked the official start of the 2013 tax season.The South African Revenue Service published a notice in Government Gazette 36603 calling on all taxpayers to…

SARS Instructs on Third Party Returns


South African Revenue ServiceThe South African Revenue Service (SARS) has indicated what types of forms have to be submitted by third parties in terms of section 26 of the Tax…

Tax Practitioners Get Controlling Bodies


South African Revenue ServiceFive controlling bodies to assist tax practitioners with registration in terms of the Tax Administration Act have been identified.In a statement, SARS reminds tax practitioners of the…

SARS Provides Detail on Third Party Returns


South African Revenue ServiceA list of entities required to submit third party returns in terms of the Tax Administration Act has been published in Government Gazette 36346.The South African Revenue…