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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...
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...
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...
If you are married in community of property, you may be surprised to discover that 50% of your spouses’ tax liability from investments, such as the income from interest, rental, dividends and capital gains, is added to your tax bill – and vice versa. If you did not...
