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 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 »
South African Revenue Service Donations Tax, Donations tax is levied at a flat rate of 20% on the cumulative value of property donated not exceeding R30 million, and at a rate of 25% on the cumulative value exceeding R30 million (sections 54 to 64 of the Income Tax Act, 1962). A donation is widely defined and… Read More »
South African Revenue Service Act No. 34 Of 1997, 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… Read More »
South African Revenue Service Trade Statistics, SARS is the legislatively empowered controlling entity for statistics on the importation and exportation of goods. Exercising this control entails record-keeping, verification, publication, and analysis of trade data. Explore South Africa’s Merchandise Trade Statistics through interactive visualizations and other content Download the relevant data you need Browse the latest… Read More »