South African Revenue Services denies on Nigerian data breach
The South African Revenue Service (SARS) said claims by a hacktivist group that its systems have been breached were false and unsubstantiated.
Over the weekend, a group calling itself Nullsec Nigeria said it breached SARS and the...
Government crypto crackdown is due to tax fears — Dawie Roodt
Economist Dawie Roodt said the real reason the National Treasury wants to clamp down on cryptocurrencies is that it will make it easier for South Africans to pay less tax.
Roodt shared his views with Biznews about the National...
Hackers using fake SARS notifications to breach companies in South Africa
Hacker group SilverFox has been linked to a campaign in South Africa that used fake notifications from the South African Revenue Service (SARS) to breach company systems.
The group employed multiple email addresses and...
Plan to expropriate cryptocurrency in South Africa
South Africa’s National Treasury has published draft Capital Flow Management Regulations that would update the country’s Apartheid-era exchange control rules to crack down on people with cryptocurrency.
Carel van Wyk, an industry leader, said...
I have submitted my tax return via efilling.My Statement of Account shows SARS owe me money (negative amount), but when I use their WhatsApp channel the "Refund Status" option shows there are no refunds due to me.
Almost forgot that the deadline is today for Provisional Taxpayers to submit Annual Tax Return.
So here is a reminder hopefully to someone else!
Cheers!
Shein and Temu tax petition draws thousands
Thousands of people have signed a petition opposing the South africa Revenue Service decision to close a loophole in the tariff on clothes imported from outlets such as Shein and Temu.
Before 1 November, importers had to pay a 45% tariff on clothes...
hi all,
Question
I'm a neighborhood watch member doing patrols in my personal vehicle almost daily.
Can i claim back from SARS for this?
And how would I do that?
Hey smart people ... please can you help???
I registered a company with CIPC back in 2015.
The company has never been used, never traded, no assets, no bank account.
I've kept up to date on CIPC, submitting a 'nil' return each year.
I was thinking about deregistering - ...but I just read that...
So I am a first time director, at least the first time since the requirement to complete this Statement of Assets and Liabilities for SARS.
How detailed do they want this? I have like 1 asset, minor liabilities in terms of credit card debt only, and some cash in the bank. Do I just jot those...
Guys & Girls I need some help plix.
I have 3 laptops on my domain at work. All three have the same software setups except one of them is Windows 11.
The two windows 10 ones can fully use the SARS website without issues, but the Win 11 cannot. There are certain documents that just refuse to...
Hello, I registered a business in May 2021. I didn't make any money, was at a loss. I've never done a tax return for the business. It only lasted a few months and I gave up on it shortly after. In that time I became a stay-at-home mom and moved. Things got crazy and I don't even remember where...
For the past 3 years (2020-2022) I've been submitting my tax through taxtim. Now the emigration lawyers need my ITR12 for the past 10 years but have rejected 2020-2022 ITR12's because the first page with my personal details are missing.
Taxtim says they can't do anything because they are just...
Hey everyone!
TL;DR: Does anyone know the process for cashing out an RA and transferring the proceeds overseas?
I haven't been a tax resident for quite some time now (more then 3 years) and want to withdraw my RAs in SA and transfer them overseas.
I've contacted FNB as well as Sygnia to do...
Hello.
Friend just asked, and I'm curious.
Friend gets paid to their Payoneer account for freelance work done on a monthly basis.
If he keeps it in the account - Moves minimal to his South African bank account - And then just uses the Payoneer card to spend South African - will he get away...
I've suddenly had an admin penalty issued for 2008 from SARS. I didn't earn enough to pay tax and I'm pretty sure I don't have any documentation from back then.
I've tried contacting SARS since January but I think they're still on Xmas leave because no one answers emails/calls and they keep...
Hey all, I'm considering opening a Delaware corp, but for the market, Stripe and US bank account access, not to try and avoid tax.
But, of course, tax is still something to be managed and CFC rules seem hard to navigate.
If you have a foreign corp while residing in SA, how do you manage your...
So I'm going to be doing some freelance work for a UK client. GBP500/month totalling GBP3500. It's not a lot but it'll push me into the next tax bracket. So I'm wondering if I can get away with declaring it as a gift or if that's just a terrible idea?