Our Blog
Ut porttitor imperdiet hendrerit. Suspendisse pulvinar lacus nec sollicitudin finibus ligula quam.
Before you accept your SARS Auto Assessments READ THIS
SARS has started sending auto-assessments out. What does this mean? Well, you do not have submit your tax return, but you do have to accept the auto-assessment. 330,000 taxpayers out of 3- million to whom SARS has sent an SMS to notify them of the auto-assessment of...
TERS – Clarity Amidst The Confusion
The UIF Commissioner, Mr Teboho Maruping, has confirmed that the UIF will be assisting employers and employees who are affected by the COVID-19 pandemic where employers may not be able to pay employees by implementing the COVID-19 TERS. When legislation was updated,...
Covid-19 Tax Relief PDF download
Practical Accounting Consideration For Change in The Vat Rate
Background The Minister of Finance announced in his Budget Speech of 21 February 2018 that the standard rate of VAT will increase from the current 14% to 15% with effect from 1 April 2018. The VAT rate to apply depends on the time of supply rules In simple terms, this...
Residential Property Developers VAT Headache
Background Developers who build residential units must charge VAT at the standard rate (14%) when selling the units. The developers are entitled to claim VAT on the cost of supplies made to them, for example, building materials, etc. However, in some cases...