Taxpayers now can take a little time to lodge an objection with SARS – three and a half months from the date of assessment or decision. This was recently approved and comes into immediate effect under section 103 of the Tax Administration Act, 2011. This now gives you up to 80 days to lodge your […]
Tag Archives: income tax
21
Apr
Apr
Financial statements are not only a legal obligation but are essential if you are to assess whether your business is solvent and making a profit. If your business is incorporated as a company or closed corporation, you have a legal obligation, according to the Income Tax Act and Tax Administration Act to prepare accurate annual […]
27
Sep
Sep
Your crypto assets might live in the virtual world, but SARS is determined to bed down the tax rules on cryptocurrencies and turn your digital assets into tangible tax. On August 27 2021, SARS clarified how your crypto assets must be declared in your tax return and published a web page called Crypto Assets & […]