#Budget2024 in a nutshell: No major tax hikes

#Budget2024 in a nutshell: No major tax hikes

by | Mar 9, 2024 | Accounting, VAT

But Sarb-administered contingency reserve account will be tapped for billions. Despite growing pressure to hike taxes to balance the government’s books, Finance Minister Enoch Godongwana did not announce any major tax increases in his 2024 Budget speech in...
VAT Invoice Requirements

VAT Invoice Requirements

by | Mar 9, 2024 | VAT

This FAQ article is based on tax law for the year ending 29 February 2024. 1. The Problem / Facts With regards to the requirements for a valid tax invoice, does legislation specify whether it should include the physical address or the postal address? What address...
SARS needs the money in your pocket …

SARS needs the money in your pocket …

by | Mar 9, 2024 | VAT

The focus on VAT and Customs SARS views VAT and Customs as two key areas of non-compliance where significant revenue is lost for the fiscus. Over the last few months SARS have been conducting a large number of VAT and Customs audits resulting in significant...