TAX BLOG: LATEST POSTS

Tax Tracey Says - JUNE Taxation & Accounting Updates

Tax Tracey

Taxation - R & D Allowance: See our attached article on Research & Development allowance- we are finding, as we perform independent reviews and audits, that some clients are not aware of this allowance. It’s one of the few times that SARS gives you something extra....


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Tax Tracey Says

Tax Tracey

Tax Tracey Says.


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Tax Tracey Says

Tax Tracey

2015 Budget and Tax Update:The 2015 Budget Speech is more keenly anticipated than ever as we wait for the revelation of Government's plans on how we will navigate through the economic and fiscal challenges facing South Africa. Indications are that this Budget will include...


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Lodging an Appeal

As a taxpayer you have the right to lodge an appeal where your objection has been disallowed in full or in part.

  • A valid reason need to accompany the appeal submission when it is outside the stipulated timeframe.
  • An appeal must always be accompanied by...

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Good news for Taxpayers

We have summarised what we think are the important and beneficial points from Finance Minister, Pravin Gordhan mid-term budget review.

 

  • He clamped down hard on his own government spending from the presidency, government...

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Sars collects R813.8 billion in revenue

The SA Revenue Service (SARS) collected R813.8 billion in revenue last year.

According to the 2013 Tax Statistics publication, tabled by...


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Appointment of Tax Ombudsman in South Africa.

The Tax Administration Act became effective on the 1st of October 2012.
Included in this Act is the appointment of a “Tax Ombudsman”.

What is the purpose of the Tax Ombudsman?
The Tax Ombudsman is appointed to protect taxpayer's rights by reviewing and...


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Debit pull transaction to be discontinued by SARS.

Currently taxpayers can authorise SARS to withdraw any funds from their account that is owed to SARS. It is claimed by SARS that there are known problems using this method.  A person can authorise SARS to do a debit pull from an account, but...


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When will SARS Audit you?

SARS will conduct an audit depending on a number of possible situations and conditions, below we have tried to explain in bullet form what might trigger their interest based on the information they provide on their website:

  • Verification of a taxpayers information is done by an...

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