Category: South Africa – Tax

The SARS Auto-Assessment system issues taxpayers with an ITA34 Notice of Assessment, which automatically calculates your tax liability based on available information. Understanding how to review, accept, or dispute this auto-assessment is crucial to ensure accuracy and compliance with SARS....

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South Africa’s retirement landscape has seen significant changes with the introduction of the Two-Pot Reform. This reform aims to provide more flexibility for individuals accessing their retirement savings while ensuring sufficient funds remain for retirement security. Understanding how this affects...

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Rental income is a popular source of additional revenue for many South Africans. However, understanding the tax implications, allowable deductions, and proper record-keeping is essential to maximize profits and stay compliant with SARS regulations. This detailed guide covers the types...

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Natural disasters can cause significant financial hardship for affected individuals and businesses. Recognizing this, SARS and the South African government have implemented special relief measures including tax deferrals and rebates to ease the tax burden during recovery periods. This detailed...

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Receiving a tax refund from SARS can be a welcome relief for many South African taxpayers. However, refund delays are a common frustration and can impact your financial planning. Understanding the typical causes of refund delays and proactive steps to...

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Provisional tax is an important mechanism in the South African tax system that requires certain taxpayers to make advance payments of their income tax liabilities in installments during the tax year. Understanding who must register for provisional tax, how to...

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Regulation 28 of the Pension Funds Act plays a critical role in protecting retirement fund members by limiting how pension, provident, and retirement annuity funds can invest their assets. These prescribed investment limits are designed to promote diversification, reduce risk,...

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Timely filing of tax returns and payment of tax liabilities are crucial responsibilities for South African taxpayers. Failure to comply can result in penalties imposed by SARS, which come in two main forms: administrative penalties and percentage-based additions. Understanding these...

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Pay-As-You-Earn (PAYE) withholding is a fundamental responsibility for employers in South Africa, ensuring that employees’ income tax is deducted correctly and remitted to SARS on time. Compliance with PAYE requirements avoids penalties and ensures smooth payroll operations. This detailed blog...

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Navigating the South African individual income tax system can be complex, especially for first-time taxpayers or those unfamiliar with SARS processes. This comprehensive overview explains the structure of the individual income tax system, how taxable income is calculated, the tax...

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