What Is Provisional Tax And When Do I Qualify For It

What Is Provisional Tax And When Do I Qualify For It?

During 2021, many South Africans were forced to start their own businesses to put food on the table, while others changed from traditional employees to contracted remote workers. Whether they retained a reduced salary or wholly embraced the responsibility of being an entrepreneur, it is important for these individuals to understand how the South African […]

The Close Of The 2021 Filing Season – Don’t Be Caught Off Guard

The current tax filing season is almost at an end. Many taxpayers have submitted their annual return to the South African Revenue Service (“SARS”), while others are scampering to submit their returns before the 23 November 2021 deadline.

NEWS | 12 TAX LAW CHANGES TO DISCUSS WITH YOUR ACCOUNTANT POST COVID-19

While the country was under lockdown, it appears SARS and National Treasury have been hard at work, using this time to refine the law in SARS’ favour.

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NEWS | SOUTH AFRICAN GOVERNMENT ISSUED CERTIFICATES 101: WHAT YOU NEED TO KNOW

The protracted lockdown in South Africa resulted in the Department of Home Affairs (“DHA”) offering limited emergency services. South African citizens and permanent residents seeking Civic Services such as unabridged birth and marriage certificates were left frustrated as existing applications were indefinitely delayed.

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NEWS | NEW TAX BILLS – A STEP CLOSER TO RETIREMENT REFORM IN SA AND IMMEDIATE 3-YEAR LOCKUP

The draft Taxation Laws Amendment Bill (“TLAB”) was published on 31 July 2020. As announced in the Budget Speech, any South African leaving in future will be subject to a much stricter process from 1 March 2021 onwards. But there was also a surprise 3-year lockup announcement for anyone with a South African pension fund, […]

ACC Helps Create Tattooers Unite SA NPO

NEWS | AFRICORP ACCOUNTING HELPS CREATE TATTOOERS UNITE SA NPO LEVEL 3 PETITION SUBMITTED TO GOVERNMANET

As the lockdown enters its eighth week, tattoo artists and studio owners, who are on their knees as the financial impact deepens, have started a petition to lobby the government to allow their sector to reopen.

Must Expatriates Pay Provisional Tax To SARS?

NEWS | MUST EXPATRIATES PAY PROVISIONAL TAX TO SARS?

With the first provisional tax payment being due on 31 August 2020, there is some confusion regarding whether expatriates are deemed to be provisional taxpayers by the South African Revenue Service (SARS) or not.

NEWS | THE DO‘S AND DON’TS WHEN MAKING DONATIONS

South Africans are acutely aware of the plight of their fellow citizens during the current Covid-19 pandemic.

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NEWS | ALL TAXPAYERS BEWARE: 10 POINTS FROM SARS MEDIA RELEASE

On 5 May 2020, the Commissioner for SARS made a profound media statement, which gave a detailed account of projected revenue collection in light of the COVID-19 crisis, but also gave valuable insight of what we can expect from SARS in coming months.

7 new lockdown rules including-SARS Officials Returning to work

NEWS | 7 NEW LOCKDOWN RULES INCLUDING SARS OFFICIALS RETURNING TO WORK

Government has published more than a dozen new directives around South Africa’s lockdown regulations since the official introduction of level 4 restrictions on Friday (1 May).