South African Revenue Service Fatca, In 2010 the United States in an effort to enhance tax compliance by US citizens in foreign jurisdictions or those with offshore accounts, introduced the Foreign Account Tax Compliance Act (FATCA). The reporting regime under FATCA requires foreign financial institutions (FFIs) to report information to the US Internal Revenue Service… Read More »
South African Revenue Services Financial Year, SARS will be migrating to a new electronic services hosting platform in April as part of its plans to upgrade its Information Technology (IT) systems. As a result, clients may experience intermittent downtime from 17:00 on Friday 12 April 2019 to 06:00 on Tuesday 16 April 2019. This will… Read More »
South African Revenue Service East London South Africa, SARS has introduced eDNA as a security measure in order to minimise the risk of fraudulent transactions as well as to safeguard taxpayer information. This entails that your fingerprints will be captured and authenticated when visiting a SARS branch for certain services. The city of East London… Read More »
South African Revenue Service Tax Exemption Unit, Not for profit organisations play a significant role in society as they take a shared responsibility with Government for the social and development needs of the country. Preferential tax treatment is designed to assist non-profit organisations by augmenting their financial resources. The preferential tax treatment for not for… Read More »
Welcome to Customs & Excise! SARS’s Customs division plays an integral role in facilitating the movement of goods and people entering or exiting the borders of the Republic. The Excise division facilitates the levying of duties on certain locally manufactured goods as well as on their imported equivalents. During the lockdown period, for any escalations pertaining to a specific Customs… Read More »
In cases where a pensioner has one source of income during a tax year, our PAYE system typically ensures that the tax due at year-end is sufficiently covered by way of monthly PAYE withholdings. However, where a pensioner is in receipt of more than one source of income, a tax debt may arise at year-end… Read More »
South African Revenue Services Definition, The South African Revenue Service (SARS) is the nation’s tax collecting authority. Established in terms of the South African Revenue Service Act 34 of 1997 as an autonomous agency, we are responsible for administering the South African tax system and customs service. Our outcomes are: Increased Customs and Excise compliance Increased tax… Read More »
South African Revenue Services Durban Address, SARS has introduced eDNA as a security measure in order to minimise the risk of fraudulent transactions as well as to safeguard taxpayer information. This entails that your fingerprints will be captured and authenticated when visiting a SARS branch for certain services. Situated in the third largest city after… Read More »
Edward re-joined as SARS Commissioner on 1 May 2019. He had formerly served as the founding Group Executive of the SARS Large Business Centre and High Nett Worth Unit, SARS Chief Operating Officer and Deputy Commissioner during the period 2004 to 2009. From 2010 to 2016, he was the Group Chief Executive for the Alexander… Read More »
South African Revenue Services Durban Office, SARS has introduced eDNA as a security measure in order to minimise the risk of fraudulent transactions as well as to safeguard taxpayer information. This entails that your fingerprints will be captured and authenticated when visiting a SARS branch for certain services. Situated in the third largest city after… Read More »