Provisional tax penalties and how to avoid them

Posted on 23 of October, 2018 by in Tax

All individual taxpayers who earn income from sources other than remuneration from an employer, must submit provisional tax returns twice a year. Let’s have a look at the most common penalties provisional tax payers face and how to avoid them. Under estimation penalty The major challenge with provisional tax is the need to estimate your […]

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 […]