A boat used as a place of residence by an individual is specifically included in the definition of a “residence”, as is a mobile home
No we cannot use the results from CSK for PTP. PTP is under the 1964 Act while CSK is under the 2014 Act. By law,
Accreditation will remain with the employee and they can take it with them to their next job.
After the initial roll-out, SARS will determine a date, in relation to its capacity, and announce when the next round of tests can be undertaken.
If your ERC01 form or MCP does not display all the relevant tax types, you must make use of the ‘Merge’ functionality on eFiling.
No, the system allows for either the employer or employee to de-link themselves on the system.
If you are a tax resident of South Africa, you are subject to tax on worldwide income, irrespective of where the income is earned. You
If you are still a resident in South Africa, all residents are taxed on worldwide income irrespective of where the income was earned. If you
Pure capital distributions are not dividends for tax purposes, and hence no Dividends Tax liability arises. However, if a portion of a capital distribution constitutes
Yes, medical schemes registered under the Medical Schemes Act of 1998 are exempt (provided the required declaration is submitted) as they fall within the definition
No, in terms of Paragraph 28, provisional tax payments are not refundable. Such payments will be set off against the liability for normal tax for
No, in terms of Paragraph 28, provisional tax payments are not refundable. Such payments will be set off against the liability for normal tax for
Yes. The taxpayer must attach supporting information to substantiate the grounds for the objection. The taxpayer can select the following reasons on the NOO form
If you have claimed the Employment Tax Incentive (ETI), the Standard Industrial Classification (SIC7) and the Special Economic Zone (SEZ) codes are mandatory and must
Yes. The company must satisfy the following additional requirements after the expiry of 48 months commencing on the first date of the issue of venture capital share:
No, the current penalties and interest rules for provisional tax still apply.
Dividends payable to the following beneficial owners could be exempt from Dividends Tax (provided the required “declaration” and “undertaking” are submitted to the company or
Yes. From 21 July 2019, investments made by natural persons and trusts will be capped at R2.5 million and for companies, investments will be capped
Yes. The following previously submitted returns and declarations for the relevant year of assessment are required to complete the IT14SD: Companies Income Tax Return (ITR14
No. The standard tax rules will apply.
No. The standard tax rules will apply.
Yes. Investors can claim income tax deductions in respect of their investments in approved venture capital companies.
Yes. There are terms and conditions regarding the usage of Help- YoueFile session. You must first tick the box to show that you have read
No, trade unions and stokvels are not exempt from Dividends Tax.
The declaration and undertaking form for exemption can be obtained from the company or withholding agent who issued the dividend to the shareholders (beneficial owners).
If you owe money to SARS the due date for payment will show on the Notice of Assessment (ITA34). The payment due dates are: • eFilers:
Yes, a company may utilise the NOO / NOA to submit dispute relating to Assessed tax in respect of Income Tax. In respect of PAYE
Yes. If the company takes the corrective steps to rectify the non-compliance that resulted in the withdrawal of the venture capital company status, the company
No, the Company will on receipt of the initial verification letter for the relevant year of assessment be given an option to submit either the
Yes. The request for withdrawal must be submitted in writing and must include the following information: – The venture capital company reference number or Income
Yes, a payment can still be made without submitting the Dividends Tax return, however, a payment reference number must be requested via the following channels
Yes – section 222 of the Tax Administration Act, 2011.
The registration for income tax may be backdated to the tax year you were first liable.
No, only organisations that have been approved under section 18A of the Income Tax Act by the Commissioner may issue tax deductible receipts to taxpayers
No, the IRP6 return will be not be available on the SARS website, therefore a taxpayer will not be able to download the return.
Yes. SARS has implemented an electronic Request for Reasons process via eFiling and the SARS branches for Personal Income Tax (PIT), Company Income Tax (CIT)
Yes, a taxpayer can withdraw a Notice of Objection. The request must be submitted in writing.
A taxpayer can withdraw a Notice of Objection. The request must be submitted in writing.
Yes. Some commentators have questioned this point because a taxable capital gain is included in taxable income. The definition of the term “taxable income” in
The income tax return will be customised according to answers provided on the first page of the form.
No, if the ITR14 is submitted via post, a rejection letter from SARS together with the submitted ITR14 enclosed will be posted to the Company.
No extensions for late submission will be allowed.
No extensions will be allowed and ITR12 returns must be submitted by the submission deadline.
Yes you can appoint someone to change banking details on your behalf, provided that the supporting document (relevant material) is presented.
You must take care to ensure that the correct OTP is entered. If you are locked out at a work-station due to too many failed
Yes, as from 1 March 2012 persons registered for Turnover Tax may elect to register for VAT.
Yes, but only if it is Recognised Controlling Body under s 240A of TAAct.
No,you will have to visit a SARS branch office to change or update identity details.
Yes, users may change their portfolio name by using the “Portfolio Management” function listed under “My Profile” on the left menu pane. Detailed steps can
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