Over 400 employees of the South African Revenue Service (SARS) have donated part of their salaries to the Solidary Fund as part of efforts to fight COVID-19. A total 451 SARS employees donated R711 000 towards the Solidarity Fund in April. “The South African Revenue Service is proud to announce an initiative by its employees to collect money in support of those in need due to the impact of the COVID-19 pandemic.” In a statement on Thursday, SARS Commissioner Edward … [Read more...] about SARS staff donate to Solidarity Fund
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SARS urges taxpayers to use e-services amid COVID-19
The South African Revenue Service (SARS) has urged taxpayers to remain compliant and make use of its online services as the country battles an ailing economy compounded by the COVID-19 pandemic. “If there was ever a time where delivering on our mandate matters, it is now. During this time, it remains extremely important for all taxpayers to remain compliant,” said SARS Commissioner Edward Kieswetter. This, Kieswetter said means taxpayers must register when they are legally … [Read more...] about SARS urges taxpayers to use e-services amid COVID-19
Tax Revenue Takes a Beating
COVID-19 knocks tax revenue performance The South African Revenue Service says the country’s tax and revenue performance has taken a knock as a result of an ailing economy compounded by the COVID-19 pandemic. “Whilst it is early days, our initial view is that revenue performance will be lower than the February Budget announcement by between 15%-20%. This means that revenue under-recovery could move up to R285 billion,” said SARS Commissioner Edward Kieswetter. The Commissioner was … [Read more...] about Tax Revenue Takes a Beating
R2.4 Billion of Refunds
R2.4bn SARS refunds to lockdown-hit SMMEs, businesses The South African Revenue Service (SARS) has paid out R2.4 billion to taxpayers in refunds since the commencement of the COVID-19 enforced lockdown on 26 March. In a statement, the revenue collector said this was in an effort to balance the safety of its staff, taxpayers and traders, while ensuring that the country’s economy is able to function. This comes as many countries around the world continue to battle with the economic and … [Read more...] about R2.4 Billion of Refunds
No April Fools Joke from SARS
Treasury announces COVID-19 tax measures Finance Minister Tito Mboweni on Sunday announced exceptional tax measures to counter the impact of the Coronavirus (COVID-19) pandemic. “The Minister of Finance has announced the following exceptional tax measures as part of the fiscal package outlined by President Cyril Ramaphosa on 23 March 2020 in his speech on the Escalation of Measures to Combat COVID-19,” said the Ministry of Finance. The measures come as South Africa is currently under a … [Read more...] about No April Fools Joke from SARS
SARS targets illicit traders
SARS Commissioner Edward Kieswetter has committed the revenue collector to work closely with other government agencies to stamp out illicit trading plaguing various sectors. “The losses in tax revenue and the negative impact on our domestic economy affects industries, erodes employment opportunities and generally denies the most vulnerable in society the social and economic wellbeing they deserve,” said Kieswetter on Thursday. SARS, he said, has found that importers and exporters in these … [Read more...] about SARS targets illicit traders
Like a Black Card for Taxpayers
SARS Commissioner Edward Kieswetter has launched the re-established Large Business Centre to drive voluntary compliance, ensure effective and efficient revenue collection, and enhance service and SARS’ relationship with large business. Currently corporate income tax is the third largest revenue contributor, having brought in 16.6% of the total revenue in the 2018/2019 financial year. The taxpayer segment that the centre focuses on is large businesses defined as groups or entities with a … [Read more...] about Like a Black Card for Taxpayers
SARS open on Saturdays during October
The South African Revenue Service (SARS) has announced that its branches will be operational on Saturdays in October in an effort to assist taxpayers with the filing of personal income tax returns. SARS said during this period, branches will operate between 8am and 1pm. Assistance offered on Saturdays will be limited to the submission of personal income tax returns and assist individual taxpayers to register for and file on the SARS MobiApp. SARS re-emphasised that some taxpayers did … [Read more...] about SARS open on Saturdays during October
Use new app to file returns
The South African Revenue Service (SARS) has encouraged taxpayers to submit income tax returns via the SARS eFiling or the SARS MobiApp when the tax season commences on 1 July 2019. Taxpayers who do not use SARS eFiling or the SARS MobiApp but require assistance from SARS branch staff to file their income tax returns, will only be able to do so from 1 August 2019 until 31 October 2019. “Non-provisional taxpayers who use SARS eFiling and the SARS MobiApp will have a longer period to file … [Read more...] about Use new app to file returns
Tax return submission requirements raised to R500 000
Taxpayers with an annual income not exceeding R500 000 will no longer be required to submit tax returns. The announcement was made by the South African Revenue Service (SARS) Commissioner Edward Kieswetter during the launch of the 2019 tax season on Tuesday. This year’s tax season will begin on 1 July for submissions on digital platforms while walk-ins will commence on 1 August. The deadline for digital submissions is 4 December while October 31 is the final day for walk-ins. “We have … [Read more...] about Tax return submission requirements raised to R500 000
Uitenhage News: Sars closes major branches due to strike
Sars closes major branches due to strike: Uitenhage, Vereeniging, and Witbank-Emalahleni were closed. On Wednesday, Sars confirmed it had reached a deadlock in negotiations with unions over salary increases and improvements in conditions of ... Source: "Uitenhage" - BingNews. 2012 Toyota Fortuner 3.0d-4d R/b for sale in Eastern Cape: Options Accessories: Air Conditioner; Alarm; Alloy wheels; CD Front Loader; Central Locking Key; Elec. Windows - Front Back; Power steering; Radio; Tow bar; ABS … [Read more...] about Uitenhage News: Sars closes major branches due to strike
PE Business News: Sars closes major branches due to strike
Promote your business on BuyPE and MyPR. Sars closes major branches due to strike: But its branches in Alberton, Bellville, Benoni, Bethlehem, Bloemfontein, Boksburg, Cape Town, Doringkloof, Durban, Edenvale, Giyani, Kimberley, Mitchells Plain, Mthatha, Pinetown, Polokwane, Port ... Source: "Port Elizabeth" business - BingNews. Ironman wants to resolve issues with SMME's in PE: The Summerstrand Business Forum brought event construction activities on the Port Elizabeth beachfront to a … [Read more...] about PE Business News: Sars closes major branches due to strike
SARS intensifying revenue collection efforts
The South African Revenue Service (SARS) is intensifying its effort to identify and bring to book tax dodgers. This comes after revelation that the revenue collector is launching units aimed at tackling the illicit tobacco industry and big business. The illicit economics unit was launched late last year, while the large business unit is expected to come to life in April. Addressing reporters during a press briefing on Wednesday, Finance Minister Tito Mboweni said it is important that … [Read more...] about SARS intensifying revenue collection efforts
Your Turn to Try and be Heard
The Public has been urged to submit tax proposals for 2019 Budget. National Treasury has invited the public to submit tax proposals for 2019 Budget Review. The technical tax proposals requested in this invitation, National Treasury said in a statement on Thursday, must be limited to unintended anomalies, revenue leakages, loopholes and technical matters applicable to the current tax legislation that require correction. “The Minister of Finance announces main tax proposals in the Budget … [Read more...] about Your Turn to Try and be Heard
Close to 3 million tax returns submitted
With less than a month to go to the close of the 2018 tax season, the South African Revenue Service (SARS) has received close to three million tax return submissions. “To date, SARS is close to reaching the 3-million mark in tax return submissions for the current year of assessment. This is approximately a 4% increase compared to the same time last year,” said the revenue service on Monday. Of the submitted returns, 51% have been submitted through eFiling. The 2018 tax season will … [Read more...] about Close to 3 million tax returns submitted
