The South African Revenue Service (SARS) has imposed penalties totalling R381 million on 690,000 taxpayers for outstanding tax returns .

Thinking of starting an accounting firm? Why not join forces with another accountant? Thanks to a chance meeting, Rajesh Nathoo and Shamit Bansi began to collaborate. Ten years and many clients later, they’re opening a new branch.

If your clients’ refund delay is due to Tax Ombud-identified systemic issues, such as not adhering to dispute resolution timeframes and delays in lifting stoppers, you can approach the Ombud directly.

You may again need to visit a SARS branch when registering for VAT as SARS attempts to clamp down on fraud. VAT expert Jonathan Bellingan explains why VAT is especially vulnerable to fraud, and the Tax Ombud notes that refund delays remain a concern.

With a record R381bn in refunds paid in the last financial year, SARS is taking immediate action to protect honest taxpayers and maintain the integrity of the tax system. 

CIBA Member Egeniah Remwa followed an unconventional route to becoming a tax professional. One that’s made her skill set as diverse as it is strong

With SARS tallying up its revenue and tax season over, now might be a good chance to review your systems, and recover from the marathon-long sprint that was tax season. Accounting software Smartpractice provided us with a list to consider.  

SARS presented its revenue results for 2022/23 this week, and the commissioner, Edward Kieswetter, shared his areas of concern and predicted a future where tax is a non-event.

This is the full response from SARS regarding Accounting Weekly’s article on a recent tax practitioner survey attributed to SARS spokesperson Anton Fisher

Tax Practitioners have a low perception of SARS, according to a recent survey. Respondents point to a lack of quality communication as a core reason.

The Chartered Institute for Business Accountants (CIBA) has launched a petition to reduce personal income tax in the upcoming budget speech. To date the petition has acquired almost 25 000 signatures.

Will Japan's recent implementation of the global minimum tax accelerate the discussions around the implementation of the GloBE rules?

The National Treasury has published the Taxation Law Amendment Bill. This bill, effective from 1 January 2023 will have important tax consequences for lessors in the airline industry

“But when you give to the needy, do not let your left hand know what your right hand is doing,” Matthew 6:3. When it comes to taxpayers claiming deductions for donations to PBOs, this kind of ambiguity can shield serious tax fraud. Armed with a recent amendment, SARS may soon require more information from PBOs.

Nico Theron is the founder of Unicus Tax Academy and Unicus Tax Specialists SA, shares his advice on how to avoid disputes and how to handle them when they do arise. 

There is an upside to the newly introduced criteria SARS introduced for tax practitioners, argues SAIBA CEO Nicolaas van Wyk. Chief of which is that further rules will result in additional respect for practitioners.