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Budget 2026: What it actually means for your pocket
What does Budget 2026 mean for you? See how tax brackets, TFSA, retirement contributions and deductions affect your tax return.
Read moreNew SARS Crypto Rules: The Big Shift Coming in 2026
“South Africa is proposing new international reporting rules that will give SARS significantly greater visibility into your crypto transactions beginning
Read moreSouth Africa may introduce a 20% tax on online gambling, here’s how it could actually work
There’s been a lot of talk this week about the government's proposal to introduce a national 20% tax on online gambling. The news spread quickly, but most
Read moreHow you can avoid load-shedding while reducing your tax bill
In his Budget Speech on 22 February 2023, Minister of Finance Enoch Godongwana announced the introduction of tax incentives intended to encourage the rapid upta
Read moreSARS has introduced a new online travel declaration system for South Africans & its residents.
The South African Revenue Service (SARS) says it will implement an "online traveller declaration system" that will go into effect on November 1, 2022. According
Read moreThe Public Servants Association (PSA) Notifies SARS of strike action
The Public Servants Association (PSA) served SARS with a notice of strike action on Friday, 13 May 2022. The strike is due to take place on Wednesday, 25 May 20
Read moreYour social media posts might flag you with SARS
According to SARS commissioner Edward Kieswetter, some South Africans who came into money were eager to “display their wealth”, giving cause for SAR
Read moreSARS clamps down on crypto investors
For months, SARS has been clear about its plan to clamp down on crypto investors. While many may be under the impression that crypto is going under the radar, S
Read moreFinance Minister Enoch Godongwana's budget speech 2022 Overview
Finance Minister, Enoch Godongwana, delivered his maiden budget speech on 23 February. The speech started by indicating that there are still high risks to the
Read moreKey Announcements from the State of the Nation 2022
President Cyril Ramaphosa made the following key announcements in the State of the Nation Address (SoNA) he delivered on 10 February 2022. Economic issues were
Read moreFAQ: Cryptocurrency and Tax
Does SARS regard cryptocurrency as a real currency? No - SARS does not regard cryptocurrency as a currency, but rather as an intangible asset. In fact, t
Read moreImportant Notice: You Will Face New Penalties if You Miss the November Tax Deadline
If you’re an individual non-provisional taxpayer, make sure you file your tax return before or on the deadline of 2 December 2021. SARS is warning that t
Read moreWhat is Identity Fraud?
Identity fraud happens when someone uses your personal information, such as your name and identity number, without your permission. Criminals steal your identi
Read moreCrypto investors are on SARS’ hitlist
Earlier this year, SARS reached out to cryptocurrency platforms to access their lists of clients and information in its bid to clamp down on the wealthy. Many
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SARS can now fine you or take you to jail for these tax mistakes
In the past SARS needed to prove that a taxpayer had committed a tax crime “willfully and without just cause” but the legislation has just been chan
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Been working from home? You can get money back from SARS
Good news if you’ve been working from home for the past year. You can claim a tax deduction if you worked from home for more than half of your total worki
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Working remotely? You could be liable for double taxation
In these ever-changing times, many South Africans working abroad have found themselves working back in their home country. Although this may not have been their
Read moreSARS advertises 370 jobs to clamp down on SAs wealthy
In the national budget speech this year, finance minister, Tito Mboweni announced the initiation of a new unit within SARS dedicated to improving tax compliance
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Budget 2021: No Tax Hikes
The Minister delivered some welcome news to South Africans yesterday when he announced that plans to hike taxes by R40 billion rand over the next four years, ha
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Having problems with Adobe Flash Player forms on SARS e-Filing?
As early as July 2017, Adobe announced that Flash Player would be discontinued by 31 December 2020 and that Flash Player would block its Flash content by 12 Jan
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Possible tax hikes to cover the cost of Covid-19 vaccines
As many countries around the world are already in the process of distributing the Covid-19 vaccine, the National Treasury of South Africa is proposing the possi
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Covid 19: Unpacking the Tax Relief for Small Businesses
The national lockdown due to the Covid-19 virus is undoubtedly wreaking havoc on the economy. Small businesses have been hard hit – many not knowing
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