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Medical Aid Tax rebates and Medical Tax credits 29 Apr 2021    •    Tax Section 6A Medical Aid tax credits available to taxpayers can seem like a complicated topic however, here we aim to explain the process in simple language to make it easy for any person to understand.

Tax Deduction on Retirement Annuity, Pension and Provident fund contributions 09 Jun 2021    •    Tax Contributions made to a retirement annuity, pension or provident fund can be deducted from an individual’s taxable income.

Provisional Taxpayer Registration 01 Aug 2023    •    Tax Who must register as a provisional taxpayer

Home Office Expenses SARS & Tax Deductions – What can you deduct? 10 Jun 2021    •    Tax With the 2021 Tax Season about to open you might be wondering, what can you claim for home office expenses due to working from home in lockdown.

SBC Tax Rates - Small Business Corporation Tax 10 Mar 2023    •    Tax Many small businesses are not aware that they can qualify for SBC Tax Rates (Small Business Corporations Tax), which is lower than the normal Company’s Tax Rate of 27%.

Public Officer & Tax Representative Appointment – What SARS expects 17 Oct 2021    •    Tax A Company is required by the Companies Act and Income Tax Act to appoint a Public Officer within 30 days of incorporation. The public officer represents the company for all tax related matters.

SARS Tax Practitioner Appointment and Verification 26 Mar 2023    •    Tax SARS Tax Practitioners should be registered with a Recognized Controlling Body (RCB) in order to provide tax services to clients. SARS now enforces this rule together with good standing requirements.

SARS Interest and Penalties - written by Vanessa Viola 06 Sep 2022    •    Tax If SARS is satisfied that non-compliance by a person referred to in subsection (2) exists, SARS must impose the appropriate ‘penalty’ in accordance with the Table in section 211.

Tax Structuring 05 Mar 2023    •    Tax Zeelie Professional Accountants helps many clients with tax structuring.

SARS Tax Bracket and Tax Tables for 2024 in South Africa 10 Mar 2023    •    Tax The Income Tax brackets 2024 in South Africa will continue to be based on a progressive system.

Third Provisional Tax Payment – What to know 15 Mar 2023    •    Tax A third provisional payment is an optional additional payment after the end of the tax year.

SARS is now picking up on and searching for taxpayers who are not declaring income. 04 May 2023    •    Tax SARS is now picking up on and searching for taxpayers who are not declaring income.

Tax Season 2023 04 Jul 2023    •    Tax As we approach the opening of tax season 2023, it is important to note the changes this year and be prepared.

VAT – What is it & Why do You Need an Accountant for Value added tax services 12 Aug 2023    •    Tax VAT is an abbreviation for Value-added tax introduced in South Africa and replaced the GST (General Sales Tax) as an indirect system of taxation.

Are you looking for a Personal Tax Consultant near you 19 Aug 2023    •    Tax Tax Consultants and Tax Practitioners are essential for your peace of mind before, during and after tax season

What are Small Business Tax Rates? 22 Aug 2023    •    Tax What are Small Business Tax Rates? These are preferential tax rates given to Small Business Owners and Small Business Corporations.

SARS Turnover Tax South Africa 31 Aug 2023    •    Tax Micro business needed a different tax approach. The compliance burden was a barrier to entry for the Micro Business. A new tax system called Turnover Tax provides relief to Micro Businesses.

Media statement on the detention of vessels by SARS 04 Oct 2023    •    Tax The South African Revenue Service (SARS) has noted the media report of 17 September 2023 by the Sunday Times concerning the detention of five vessels involved in the fuel bunkering.

Contingency fees for Tax Services - SARS re-iterates this is a no 20 Oct 2023    •    Tax In the October issue to its Tax Practitioners, SARS reiterated that the charging of contingency fees is not allowed.

New implementation date for the Two-pot Retirement system in South Africa 05 Jan 2024    •    Tax The new proposed implementation date of the two-pot retirement system is 1 September 2024.

The New Assessed Loss limitation on Companies in South Africa 11 Jan 2024    •    Tax Under the new rules Companies will now be limited to assessed losses of R1m or 80 % of taxable income whichever is higher.

What determines my tax residency in South Africa 12 Jan 2024    •    Tax On 1 March 2001 South Africa change its tax system. It went from a source-based to a residence-based tax system. The result of this is that tax residents are taxed on their worldwide income.

Can you deduct SARS interest and penalties for tax purposes 19 Jan 2024    •    Tax You cannot deduct fines, amount if interest or penalties for illegal activities in South Africa or any other country where those activities are illegal.

SARS Tax Statistics for 2023 25 Jan 2024    •    Tax In 2022/23 SARS collected R2.07 trillion in gross tax revenue (up by R183 billion or 9.7% more than the prior year).

What is the Provisional Tax deadline for 2024 and 2025 08 Feb 2024    •    Tax The Provisional Tax Deadline is fast approaching again. Provisional taxpayers are required to submit a provisional tax payment every 6 months based on their taxable income for the year of assessment.

Tax hikes possible in South Africa 14 Feb 2024    •    Tax The South African government desperately needs more revenue. Potential tax hikes are on the cards especially for the wealthy.

How to Report a tax crime 16 Feb 2024    •    Tax SARS wants to make reporting a tax or customs crime easy for you. An online form was created for reporting tax crimes. Reporting a tax crime is the right thing to do.

Change of SARS Complaints Management Office Number 05 Mar 2024    •    Tax The SARS Complaints Management Office (CMO) has been using a shared contact number, which means the caller carries a portion of the cost of the call.

Health Promotion Levy on Sugary Beverages 06 Mar 2024    •    Tax The Health Promotion Levy HPL on Sugary Beverages external policy has been revised to align with the relevant sections of the Act.

SARS warns taxpayers to do their due diligence 05 Apr 2024    •    Tax SARS Commissioner Edward Kieswetter cautions taxpayers to avoid receiving tax advice from non-compliant tax practitioners.

SARS has ramped up their use of AI in tax collection 11 Apr 2024    •    Tax Tax collection in South Africa is getting more serious. The national Revenue Service (SARS) is now using artificial intelligence and machine learning to collect taxes more efficiently.

Enhancements to reduce Efiling Fraud 24 Apr 2024    •    Tax SARS has discovered fraudulent activities involving users trying to register for the eFiling platform. This has prompted SARS to launch an initiative to stop these illegal activities.

Self-Employed Expenses - What can you claim 02 Jun 2024    •    Tax Are you working for yourself? Keep track of your expenditures with these guidelines that cover the fundamentals, including what is and isn't deductible.

What you need to know about SARS Auto Assessments 05 Jun 2024    •    Tax This is an automatic assessment issued by SARS to certain taxpayers. SARS will use information from various sources to automatically generate assessments without needing input from the taxpayer.

New Tax Season Dates for Trusts in South Africa 12 Jun 2024    •    Tax SARS has set the dates for tax season 2024. Individual taxpayers will receive auto assessment notices starting next month.

IT3(t) Deadline for Trusts in South Africa 14 Jun 2024    •    Tax The Deadline for the IT3(t) submissions to SARS is 30 September 2024.

2024 Efiling Security Warning in South Africa 24 Jun 2024    •    Tax Taxpayers should be aware of online eFiling hacking and take precautions to protect their SARS profile. Tax Season 2024 opens in only a few weeks’ time on Monday 15 July 2024.

Tax Evasion versus Tax Avoidance 05 Sep 2024    •    Tax South Africans are taxed daily, whether it's VAT on essential items, fuel taxes, or the feared inheritance tax upon death.

SARS Crackdown on Taxpayers - Stay on the right side of tax law 26 Sep 2024    •    Tax The South African Revenue Service (SARS) is working harder to ensure compliance. They are issuing criminal summons to company directors who have not submitted their income tax returns.

Understanding the Consequences of late VAT Registration 15 Oct 2024    •    Tax As tax professionals, we often see clients who miss VAT registration deadlines. This usually happens because of oversight or misunderstanding.

SARS is coming after taxpayers in South Africa hard with new ‘masterstroke’ move 27 Oct 2024    •    Tax The South African Revenue Service (SARS) is improving tax compliance. They are working with private tax professionals to fight tax evasion. This plan aims to help SARS find and catch tax dodgers.

Public Benefit Organizations and Tax 27 Oct 2024    •    Tax Helping clients structure their organizations is important for their financial health and tax compliance. One option is a Public Benefit Organization (PBO).

Warning to expats: check your tax non-residency status 27 Oct 2024    •    Tax Many expatriates, or expats, are looking to change their tax status to non-resident. They want to reduce their tax bills and match their financial duties with their lives abroad.

Tax doesn’t have to be taxing – a tax refund may be on the horizon 31 Oct 2024    •    Tax When you submit a tax return, you show proof of your expenses. This allows you to enjoy the tax benefits.

Sars will tax you on overseas investments, but you can mitigate its impact 31 Oct 2024    •    Tax Dividends are payments made by a corporation to its shareholders, typically derived from the company's profits.

When Should an Accounting and Tax Practitioner Walk Away from a Client? 01 Nov 2024    •    Tax For accountants and tax professionals, keeping good client relationships is important. However, there are times when it’s best to walk away.

R22 billion tax blow for South Africa – ‘difficult trade-offs’ coming 03 Nov 2024    •    Tax Enoch Godongwana, the Finance Minister of South Africa, recently spoke about worries over the South African Revenue Services (SARS).

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Latest Blogs

03 Nov 2024

R22 billion tax blow for South Africa – ‘difficult trade-offs’ coming

01 Nov 2024

When Should an Accounting and Tax Practitioner Walk Away from a Client?

01 Nov 2024

The Medium-Term Budget Policy: What It Means for Accountants

31 Oct 2024

Tax doesn’t have to be taxing – a tax refund may be on the horizon

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