Parliament approves Division of Revenue Amendment Bill

The National Assembly on Tuesday approved the Division of Revenue Amendment Bill, which will adjust the equitable share among the three spheres of government...

3 days ago

Why removal of South Africa's tax boss is key to Ramaphosa's chances of success

South African President Cyril Ramaphosa has changed the country's political landscape significantly since he came to power in February 2018...

By Dirk Kotze 13 Nov 2018

Non-compliant companies will feel the pain from Sars from December

Sars will be using information supplied by the Companies and Intellectual Property Commission (CIPC) to determine which companies are not tax compliant and impose penalties accordingly...

9 Nov 2018

VAT trap could impact on your earnings

It's been nine years since the annual threshold required to register as a VAT vendor was increased from R300,000 to R1m...

8 Nov 2018

Explainer: lessons from the collapse of a small South African bank

The South African Reserve Bank placed VBS, a small mutual bank, under curatorship in March this year against a backdrop of a serious liquidity crisis...

By Jannie Rossouw 5 Nov 2018

Sars preliminary results show improvement

Preliminary results at the close of the tax season for non-provisional taxpayers showed a 2.1% increase from the previous year's submissions, despite a shorter filing season...

2 Nov 2018

Moyane gets the boot

Acting on the interim report of the South African Revenue Service (Sars) Commission, President Cyril Ramaphosa fired Tom Moyane as commissioner of the revenue service yesterday with immediate effect...

2 Nov 2018

Is tax law change the death knell for SA's crypto R&D?

A seemingly small change in the tax law could have a big impact on cryptocurrency research and development (R&D) in South Africa...

By Robert Hare 29 Oct 2018

Tax return deadline looms

Individual taxpayers have until close of business on Wednesday, 31 October, to file personal income tax returns, the South African Revenue Service (Sars) said...

26 Oct 2018

#MTBPS2018: Short-term pain for long-term growth

Finance Minister Tito Mboweni's maiden Medium Term Budget Policy Statement (MTBPS) reflected some of the short-term sacrifices needed for longer term, broader economic benefit...

25 Oct 2018

Heads roll amid VBS municipal probe

Several municipal officials have been suspended and in some instances, charged with fraud in relation to investments made in VBS Mutual Bank...

24 Oct 2018

Tax invoice corrections and the Admin Laws Amendment Bill

To err is human and mistakes are sometimes made on tax invoices. The draft Administration Laws Amendment Bill, 2018 proposes the inclusion of a new section 20(1B) dealing with errors to tax invoices...

By Graeme Palmer 23 Oct 2018

Bizcommunity Recruitment in Africa Focus

A comprehensive B2B Recruitment Focus from December 2018 to February 2019 will ensure that Bizcommunity is the go-to destination for all the B2B news you'll need to plan your HR and recruitment strategies in 2019...

Issued by 23 Oct 2018

Sars' Nugent inquiry interview goes viral

NEWSWATCH: Sars 'chief of digital and IT, Mmamathe Makhekhe-Mokhuane's interview with Sakina Kamwendo regarding the Nugent inquiry into the tax collector's IT and e-filing infrastructure, on the SABC's Morning Live yesterday, has gone viral...

18 Oct 2018

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