south african revenue service (sars)

  1. Jan

    SABC TV licence alternatives on the table

    Goodbye TV licence — This is what could replace it With less than one in every five TV licence holders in South Africa paying their fees over the last year, several proposals are on the table for a new way to fund the struggling SABC. The public broadcaster's TV licence revenue has nose-dived...
  2. Jan

    Where to declare your cryptocurrency holdings on your tax return

    How to declare your Bitcoin to SARS South Africans who trade in or own cryptocurrencies like bitcoin, ether, and dogecoin must declare this to SARS or face severe financial penalties. While most governmental financial institutions in South Africa don’t regard cryptocurrencies as having any...
  3. Jan

    SARS licence plate recognition pilot at Beitbridge border

    SARS testing number plate recognition at the border to nail smugglers The South African Revenue Service (Sars) is testing a new automated Number Plate Recognition (NPR) system at the Beitbridge border crossing to Zimbabwe. The system will eradicate the need for manifests and CN2 gate passes...
  4. Jan

    SARS warns against claiming home office expenses

    SARS tax warning — beware home office expenses The South African Revenue Service recently published an update on claiming home office expenses, warning taxpayers against applying the tax deduction without considering the full implications. Its advice on the issue comes after a full tax year...
  5. Jan

    South African cryptocurrency traders in SARS's crosshairs

    SARS going after South African Bitcoin traders The South African Revenue Service (SARS) has asked cryptocurrency exchanges for information on their customers as part of a crackdown on tax evasion by crypto traders. It followed audit requests from SARS to taxpayers in February, requesting them...
  6. Jan

    Guide: How to get your importers code

    How to get your importers code from SARS — save thousands on tech South African online shoppers who want to do a lot of buying from international stores will require a SARS importers code. Popular global retailers like offer great prices on tech and gadgets, and sells many products...
  7. Jan

    All the ways SARS can tax your crypto gains - Webber Wentzel

    SARS tightening tax on Bitcoin The South African Revenue Service (SARS) is tightening tax collection on cryptocurrency transactions, Joon Chong and Lumen Moolman from Webber Wentzel have warned. According to Chong and Moolman, this makes it important to distinguish between events that will...
  8. Jan

    How to register for Turnover Tax and pay as little as 0% tax on your small business

    Small businesses in South Africa can pay 0% tax — here is how Turnover Tax lets small businesses in South Africa reduce their company tax from the 28% rate that SARS levies on profits to as little as 0%. A variety of businesses with an annual turnover of less than R1 million qualify for...
  9. Jan

    How much tax Vodacom's CEO and CFO paid last year

    How much tax Vodacom CEO Shameel Joosub pays Vodacom CEO Shameel Joosub paid R24.75 million in tax to the South African Revenue Service (SARS) on his R55 million salary over the last financial year. This was revealed in Vodacom’s integrated report for the year ended 31 March 2021. The report...
  10. schumi

    Man busted with 48 gold bars hidden in his pants

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  11. Jan

    E-filing over 50% of tax returns filed in 2014: SARS

    Over 2 million eFiling tax returns submitted: SARS Tax refunds are not a right and must be substantiated by the correct documentation, Sars has said.
  12. QuintonB

    Tax season opens for employers

    SARS eFiling season for employers opens The 2014 tax filing season for employers has opened
  13. jes

    Smartphone imports in South Africa: what you should know

    Smartphone imports in South Africa: what you should know DHL and FedEx explain the duties and taxes applicable when importing cellphones in South Africa
  14. jes

    eFiling did not crash: SARS

    eFiling did not crash: SARS Suggestions that the eFiling site went down is untrue and alarmist, SARS said