SARS releases new ruling on documentary requirements for VAT purposes

Posted on 25 of January, 2017 by in SARS

In February 2015 the South Atlantic Jazz Festival (Pty) Ltd successfully appealed a judgment of the Tax Court to the Full Bench of the Western Cape High Court (reported as ABC (Pty) Ltd v CSARS [2015] ZAWCHC 8). That judgment dealt with documentary proof required by the Commissioner for SARS to substantiate input tax claims […]

Due dates published for submitting annual and Interim Employer Reconciliations

Posted on 25 of July, 2016 by in SARS

On 15 April 2016 the Commissioner for the South African Revenue Service (SARS) announced the due dates whereby employers are required to finalise and submit their annual and interim Employer Reconciliation declarations to SARS. The notice, published on 15 April 2016 in Government Gazette No. 39922, determines that: the annual declarations for the period 1 […]

Passive income and SARS

Posted on 13 of November, 2015 by in SARS

Have you ever investigated passive income opportunities to earn extra money? Did you consider the effect that earning additional income might have on your current income tax liability? If your income increases, whether from a passive income source or otherwise, SARS will soon come to the party to claim its share of your profits. Do […]

Why SARS requests supporting documents

Posted on 24 of August, 2015 by in SARS

Most taxpayers know that sinking feeling when SARS requests supporting documents from them. Which supporting documents must I submit? Am I being audited? Did I make a mistake on my income tax return? Will SARS send me to jail? Why did SARS choose me? SARS remains secretive about the way they go about selecting tax […]