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Sars turns to payrolls to make up shortfall

Once again, the latest Budget Speech featured a tax revenue shortfall, this time to the tune of R43bn...

By Mariana Stander & Jean du Toit 4 Mar 2019

#BudgetSpeech2019: Smokers, drinkers to feel the pinch following sin tax hikes

In Finance Minister Tito Mboweni's first Budget Speech since his appointment, he announced that sin taxes on alcohol and tobacco will rise...

21 Feb 2019

Is sugar tax really a health measure or a tax income stream?

The initial consideration behind the sugary beverages levy (SBL) was as a deterrent to reduce lifestyle diseases such as diabetes and obesity, but it's potentially evolving into a money spinner for Sars...

18 Feb 2019

Don't get caught napping at financial year-end

Along with all the other responsibilities associated with tax management in South Africa, businesses are reminded of their PAYE (Pay as you Earn) obligations towards Sars - including the onus to issue IRP5 tax certificates to employees...

14 Feb 2019

President signs tax bills into law

President Cyril Ramaphosa has signed into law three 2018 tax bills that give legislative effect to the tax proposals announced by the Minister of Finance in last year's annual National Budget Speech...

18 Jan 2019

Countdown to enforcement of amended SA expat tax law

The tax exemption on South African expatriates is set to change, with significant repercussions, for the many South Africans who are employed by companies abroad, from an SA tax liability point of view...

By Claudia Aires Apicella 16 Jan 2019

#BizTrends2019: 6 trends in fintech and its regulation

The South African financial sector has been waiting with bated breath for South Africa's financial regulators to map the way forward and we expect this guidance to be forthcoming early in 2019...

By David Geral 9 Jan 2019

International tax is all about the company you keep

In the wake of the state capture scandal still haunting the South African Revenue Service (Sars), taxpayers are looking for an alternative to paying tax to a government that appears to be mismanaging the funds...

By Christopher Renwick 4 Jan 2019

#BestofBiz 2018: Legal

We've compiled our annual #BestofBiz 2018 lists across all our industries featuring our most popular articles, most-read contributors and brand press offices with the most views. Discover the most read content on Bizcommunity's Legal site over the past year below...

18 Dec 2018

Nugent Commission submits final report to the president

President Cyril Ramaphosa has received the final report of the Nugent Commission of Inquiry into Tax Administration and Governance by the South African Revenue Service (Sars)...

18 Dec 2018

Some take outs on carbon tax

After more than eight years in the making, South Africa's carbon tax law is expected to take effect on 1 June 2019...

By Garyn Rapson 3 Dec 2018

Penalties for outstanding corporate income tax returns to kick in soon

Sars will soon impose administrative non-compliance penalties for outstanding corporate income tax (CIT) returns...

29 Nov 2018

Mboweni tables Carbon Tax Bill

Finance Minister Tito Mboweni has tabled the Carbon Tax Bill in Parliament, giving effect to the announcements made in the 2017 and 2018 Budget statements...

22 Nov 2018

New audit law to hold accounting officers liable

As irregular and fruitless expenditure continues to soar, Auditor-General Kimi Makwetu says the newly accented Public Audit Amendment Act will empower his office to take measures that will see accounting officers being held to account for material irregularities...

21 Nov 2018

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