SARS Thanks You for Their 13th Cheque
Why bonuses are taxed so savagely. Every year at around this time, I get queries from people asking why SARS has taken such a massive bite out of their hard-earned bonus. Such queries are understandable, as the following simplified example indicates: Employee X (who is under the age of 65) receives an annual salary of […]
Beware of tax-related scams
Over the past five years, the SAFPS has seen a steady increase in the number of tax-related scams. Improved efficiency To improve efficiency when it comes to processing tax returns, and to encourage individuals and businesses to file their tax returns timeously, SARS launched its eFiling service in 2000. This allows taxpayers to file their […]