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Scams and Phishing ATTACKS
SARS Scams_Phishing

Scams and Phishing ATTACKS

9.03.2020 / by SD Management / 0 comments

All taxpayers need to be aware of email scams that are currently doing the rounds. SARS has created a section of their website where they will post updates of any scams they have heard about. Similarly, they would like you…

OFFICE OF THE TAX OMBUD (OTO)
tax-ombud

OFFICE OF THE TAX OMBUD (OTO)

20.04.2016 / by SD Management / 0 comments

The mandate of the Tax Ombud is to review and address any complaint regarding a service, procedural or administrative matter arising from the application of the provision of the Act by SARS. The office will investigate the matter and notify…

TAX COMPROMISE WITH SARS
tax-compromise-with-sars

TAX COMPROMISE WITH SARS

22.10.2015 / by SD Management / 0 comments

If you owe SARS more money than you can afford to pay then you are a candidate for a tax compromise. In a nutshell SARS is willing to “park” some (not all) of your current debt in order to ensure…

Provisional Tax 2015
provisional tax 2015

Provisional Tax 2015

18.08.2015 / by SD Management / 0 comments

31 August 2015 is the deadline for the 1st 2016 provisional tax return for individuals, trusts and companies with a February year end. It is an often misunderstood tax especially with regard to its workings. This is not helped by…

Tax Return Submissions Revisited
tax-return-dates

Tax Return Submissions Revisited

18.08.2015 / by SD Management / 0 comments

In our June 2015 newsletter we set out the requirements where the submission of a 2015 tax return would not be required. Briefly these are where an individual earn less than R350 000 per annum and fulfils a series of…

Severance Packages
severance-packages

Severance Packages

17.08.2015 / by SD Management / 0 comments

The loss of employment through retrenchment (forced or voluntary) is a reality many employees face in the current economic climate. Over the last number of years, various tax concessions have been made to ease the financial burden on employees facing…

To submit or not to submit
submit tax returns

To submit or not to submit

17.06.2015 / by SD Management / 0 comments

The 2015 tax season (March 2014 to February 2015) opens on 1 July 2015 and this raises the annual question of which individuals are required to submit an IT12 annual tax return. As per Government Gazette 38874 dated 12 June…

Subordinated Debt Interest Deduction

28.04.2015 / by SD Management / 0 comments

From 1 April 2014, interest incurred on subordinated debt is no longer tax deductible. Section 8F of the Income Tax Act 58 of 1962 (“the Act”) is an anti-avoidance provision which deems the interest to be a dividend in specie and effectively…