Tax Season 2025: When SARS Will Auto-Assess Your Return Nomthandazo Ntisa2 weeks ago 108,106 Tax season is just around the corner, and this year, South African taxpayers can expect a smoother and faster process thanks to the South African Revenue Service’s (SARS) new auto-assessment system. The 2025 tax season officially starts on 7 July and runs until 20… Continue reading Tax Season 2025: When SARS Will Auto-Assess Your Return
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SARS Individual Filing Season 2025: Key dates & new eFiling features
SARS urges taxpayers to prepare early, update details, and gather documents, while announcing new Express Functionality on eFiling for easier submissions and auto-assessments. Stay informed and vigilant against tax fraud. June 20, 2025 Supplied Content 2 minutes read Facebook X LinkedIn Tumblr Pinterest Share via Email Print Image for illustration purposes only. Photo: SARS. Third-party data providers should submit accurate and complete… Continue reading SARS Individual Filing Season 2025: Key dates & new eFiling features
SARS nails one taxpayer for R30 million
SARS nails one taxpayer for R30 million The South African Revenue Service (SARS) has hit one businessman with a R30 million tax bill, treating his large loan account balances as undeclared income. This follows a court ruling between the man and SARS, dealing with the question of whether the taxpayer had satisfactorily explained a large… Continue reading SARS nails one taxpayer for R30 million
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Sars hits individual with R30m tax bill over loan accounts A warning to directors and shareholders. By Megan Langton, Mornay Bornmann · 22 May 2025 14:05 This case illustrates Sars’s readiness to assess both unexplained capital increases and accrued interest on shareholder loan accounts. Image: Moneyweb A recent tax court ruling in favour of the South African Revenue Service… Continue reading Untitled
SARS is coming after employers in South Africa for these 4 things
SARS is coming after employers in South Africa for these 4 things The South African Revenue Service (SARS) is getting better-equipped to take on employers who neglect their tax affairs involving contractors, benefits, travel, and tax incentives. With tax season 2025 fast approaching, employers in South Africa are expected to finalise their Annual Declarations before… Continue reading SARS is coming after employers in South Africa for these 4 things
Understanding balloon payments on vehicles
Balloon payments are no party Understanding balloon payments on vehicles so they don’t blow up in your face. 13 May 2025 04:14 / By Johann Rossouw – Fiscal Private Client Services Image: Shutterstock Balloons normally conjure up images of birthday parties, happy times, and harmless fun. A balloon payment, on the other hand, can potentially cost you a… Continue reading Understanding balloon payments on vehicles
Bad news for homeowners in South Africa
South Africa’s prime lending rate has risen to 11% in 2025, with a real interest rate of 8%, placing significant financial pressure on homeowners and prompting calls for urgent rate cuts to support economic growth. Economist Dr. Roelof Botha explained on the Kaya Biz podcast that the government’s number one priority should be lowering the… Continue reading Bad news for homeowners in South Africa
Many South Africans are missing out on two easy ways to reduce their tax bill every year
Two ways to pay less tax in South Africa Shaun Jacobs • 11 February 2025 South Africans can easily reduce their annual tax bill by contributing towards a Retirement Annuity (RA) or investing through a tax-free investment account. However, fewer South Africans are reaping the benefits of these accounts as they withdraw funds early from their retirement accounts under… Continue reading Many South Africans are missing out on two easy ways to reduce their tax bill every year
Which to choose when you have some extra funds?
Retirement annuity vs tax-free savings account vs bond Which to choose when you have some extra funds? By 10X Investments · 11 Feb 2025 00:02 RAs and TFSAs both offer tax benefits that are worth exploring. Image: AdobeStock What is the wise decision once you’ve created some breathing room in your budget? Maybe you’ve been given a raise, finished… Continue reading Which to choose when you have some extra funds?
Tax-free savings accounts – 10 years down the line
Investors who have made full use of the annual limits are likely to have built up values over R500 000, aiming for R1 million in five years’ time. 27 February 2025 04:12 / By Ernst van Biljon – Efficient Wealth Image: Shutterstock It has been 10 years since the tax-free savings account (TFSA) was introduced in South Africa.… Continue reading Tax-free savings accounts – 10 years down the line