Company News
Public comment sought on 2021 Draft Tax Bills

The National Treasury and the South African Revenue Service (Sars) are inviting the public to comment on the 2021 Draft Tax Bills...

1 day ago

Guide to employers' tax obligations after damage to their premises

In this article, we deal with some of the possible implications for employers and employees of businesses damaged during the recent looting...

By Joon Chong and Nina Keyser 2 days ago

Company, director sentenced for R5.7m Sars fraud

A company and its director pleaded guilty in the Bloemfontein Regional Court of PAYE fraud for claiming a false PAYE credit of the R5.7 million...

3 days ago

Repo rate unchanged at 3.5%

The Monetary Policy Committee (MPC) agreed unanimously to leave the repo rate unchanged, opting to keep it at the current 3.5% per annum...

23 Jul 2021

Carbon Offset Regulations amendments gazetted

National Treasury has published the gazetted amendments to the Carbon Offset Regulations of the Carbon Tax Act...

20 Jul 2021

Unpacking the complexities of ETI

The Employment Tax Incentive (ETI) scheme is designed to encourage employers to hire young work seekers by sharing costs...

14 Jul 2021

Using the internal administrative appeal mechanism to resolve Sars customs disputes

The Customs and Excise Act, 1964 grants significant enforcement powers to certain South African Revenue Service (Sars) divisions. However, disputes with the tax collector in this sphere can be extremely time consuming and onerous...

By Rudi Katzke 6 Jul 2021

SA liquor association seeks deferment of excise payments

The South African Liquor Brandowners Association is requesting extended payment terms on the excise duties currently due to Sars...

6 Jul 2021

Sars curbing non-compliance, staff corruption

The South African Revenue Service's (Sars) efforts to root out tax evasion and corruption within its ranks is beginning to bear fruit, says Sars commissioner, Edward Kieswetter, at the launch of 2021 tax season...

2 Jul 2021

Policy review on excise to impact beleaguered alcohol and tobacco industries

In February, Treasury announced an 8% increase in alcohol and tobacco excise duties. This appeared to be driven by a desire to grow government revenue...

By Virusha Subban 28 Jun 2021

Your small business is doomed to fail without proper tax compliance

Tax lawyers Ashika Nichha and Jabulani Sithebe from CMS Law South Africa offer valuable advice on tax compliance for young entrepreneurs with small businesses...

By Ashika Nichha & Jabulani Sithebe 28 Jun 2021

6 savvy money tips when you start your first job

When you're young and just started working, your financial planning is the furthest thing on your mind, but the biggest lesson you can learn...

28 Jun 2021

Sars offices temporarily closed for physical visits

The South African Revenue Service (Sars) has announced the temporary closure of tax branches from physical visits as from 1 July, owing to the soaring Covid-19 infections currently sweeping the country...

25 Jun 2021

SIU granted order to freeze bank accounts of Digital Vibes

The SIU has been granted a preservation order to freeze approximately R22m held in bank and investment accounts linked to Digital Vibes...

24 Jun 2021






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