SARS

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With tax season set to conclude later this month, the South African Revenue Service (SARS) operations will be bolstered by the reopening of several branches around the country. This comes after weeks of strikes.

 


South Africa’s working women have made progress in achieving equal pay for equal work, but the financial scales are tipped against them by the country’s tax system that treats women and men equally, but with unequal results.


While tax filing season is underway in South Africa, many workers at the country’s tax regulator have been on an indefinite strike. This indefinite strike has been temporarily suspended as unions return to the bargaining table.

 


The annual tax season commenced on 1 July and is in full swing. For most taxpayers, this time of the year is usually associated with a considerable amount of stress as they deal with the pressure of having to file returns by a deadline and then worry about whether and how much they will have to pay over to the government in taxes. Then there is also the ever-present fear of being audited, which adds another layer of anxiety to the mix.


Remote working from foreign jurisdictions has become increasingly popular during the Covid-19 pandemic. Despite the lockdown rules being relaxed in most jurisdictions, it appears that employers should not expect the workplace to return to the way it was before the pandemic.


While the country's tax regulator has geared up for a busy tax filing season, workers around the county have downed tools in protest. This comes as SARS kicked off their tax season just last week.


It has been one week since South African taxpayers across the country began submitting their tax returns. For some, they will qualify to receive a refund from the country’s tax collector. But how long will they wait?

 


As a new month begins in South Africa, taxpayers will need to ensure they have all their important documentation on as they are required to submit their tax returns to the South African Revenue Service (SARS)

 


Taxation is an important tool for countries to ensure they have the necessary funds needed to provide essential services to their citizens. It's almost that time of year again, tax season.

 


Industrial action is currently taking place at branches of the South African Revenue Services (SARS). However, despite the protests, the revenue service has said there has been minimal impact on operations.

 


Taxpayers are required to pay taxes on their income, and each taxpayers tax rate will differ. For example, taxpayers that work for a company may be taxed differently than someone who works as an independent contractor. All taxpayers are required to pay their taxes each year, and if they do not, they will be subject to penalties and fees.


If you did not already know, you can now file your tax returns online via eFiling or SARS mobile services. SARS eFiling is a free, online process for the submission of returns and declarations and other related services. Taxpayers registered for eFiling can engage with SARS online for the submission of returns and declarations and payments in respect of taxes, duties, levies and contributions.


High inflation and the rising cost of living in South Africa have left citizens trying to stretch their salaries to meet their needs. This has seen an intensification of labour unions calling for salary increases.

 


The South African Revenue Service (SARS) conducted search and seizure operations in three of the country's nine provinces sending a stern warning to those who are involved in non-compliant activity


The days of standing in long queues are over, you can now do everything from the comfort of your own home. This includes adding products on eFiling for the South African Revenue Service (SARS). 


The South African Revenue Service (SARS) has recently announced that it will be imposing penalties on certain taxpayers for failing to respond to auto-assessments.


The functionality of the registration sytsem for eFilling has been enhanced.The updated registration systemt for eFilling now includes CIT, PAYE and Trusts. eFilers can now access their SARS forms for all tax types online.


What is personal income tax and should we be paying it? The personal income tax is a form of taxation that can be imposed by almost any government. The personal income tax is a tax on the income you earn. Personal income tax is a tax levied on the wages, salaries, dividends, interest, and other income a person earns throughout the year. This includes income from wages paid by an employer as well as self-employment income.


Are you wondering if you need to submit an Income Tax Return (ITR12)? Find out below.


Personal income tax is the tax you pay on your income. 

Every year, you can file your income tax return, before a specified date, if your income exceeds the maximum amount that is chargeable to tax.

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