Latest News & Developments
The Organisation Undoing Tax Abuse (OUTA) has submitted a formal request to Parliament in support of the Remuneration of Public Office Bearers Amendment Bill, aimed at limiting benefits for ministers and enhancing transparency in government spending.
National budget approved amid call for action on tax collection and wasteful spending.
ANCYL criticises the proposed VAT hike, warning it will disproportionately affect vulnerable communities and calls for urgent tax justice measures.
Although the fuel levy freeze is a step in the right direction, South African fuel still carries a relatively heavy tax burden.
Finance Minister Enoch Godongwana unveils plans for increased taxation on tobacco and alcohol products in the 2025 Budget, including public consultations on a new excise framework.
Financial mismanagement, reckless spending, and pressure from family and friendscan turn a life-changing lottery win into a financial nightmare.
According to National Treasury and the South African Revenue Service’s (SARS) latest tax statistics, the town had a taxable income of R518,808 for the 2023/24 fiscal year.
South African political parties have expressed mixed reactions to the 2024 Medium-Term Budget Policy Statement (MTBPS) delivered by Finance Minister Enoch Godongwana on Wednesday, October 30
While Gayton McKenzie is expected to brief the media on his 100 Days in Office on Thursday, many are waiting for the Minister of Sport, Arts and Culture to set the record straight on his trip to the Paris Olympics.
Without churches, society would easily descend into chaos, so the importance of their role in society cannot be overlooked.
Where their tax affairs are not in order, the consequences can range from a full SARS audit, SARS additional tax assessments being raised without prior knowledge, SARS penalties, issues with any South African banking and a range of other problems which can be avoided.
Give cash-strapped consumers a break — big retailers don’t need playing fields levelled, says the writer.
ActionSA criticises proposed SARS budget cuts, citing economic repercussions
Katie Price was declared bankrupt for a second time due to an unpaid tax bill of £750,000 - which she says has now been settled - but she insisted her financial ups and downs are normal.
Kenyan President William Ruto said that a bill containing contentious tax hikes would ‘be withdrawn’.
As you navigate the intricacies of taxation, remember: there’s no room for shades of grey.
Sars has blocked tax practitioners from updating identification and eFiling security details.
The South African Revenue Service (Sars) commissioner Edward Kieswetter.
In the realm of taxation, the burden of proof rests heavily on the taxpayer’s shoulders.
In the last 2 months, we have practically seen a significant spike in Sars Audits.
A new rule, with a deadline of 31, May 2024, is critically important to ensure that the donation is allowed by Sars as a tax deduction.
South Africa has become a very litigious country with court cases reported daily.
The four major banks in South Africa - Absa, FirstRand, Nedbank, and Standard Bank - have paid the South African Revenue Service (Sars) around R37. 7 billion in direct taxes to government in 2023.
Sars is avoiding its duty and passing it on to others to apply on their behalf.
Kieswetter revealed a troubling trend - a significant number of tax practitioners are themselves non-compliant with tax regulations.