Well it is that time of year again, tax season. It is time to get all of our affairs in order and submit for refunds. By now, you should have…
Tourists must take note of the following rules and regulations before they attempt to file a VAT refund from SARS: Only the original tax invoices will be considered for VAT…
The following is a list of important dates as published by SARS. 07-05-2015 Submission and Payment of EMP201 25-05-2015 Submission and Payment of VAT201 – Manual Registered Vendors 29-05-2015 Employer…
Submitting your income tax return with SARS eFiling is easy once you get used to the system. As with all your tax returns, filling out your tax return 100% correctly…
As we all know, the national budget was presented yesterday, 25 February 2014. The government made it clear that they plan to increase personal income tax from 1 March 2015…
How does it work? The Employment Tax Incentive Act and the draft amendments to this Act in terms of the Draft Taxation Laws Amendment Bill, allows for the introduction of…
Simply click here to download the IT77 form, print it out and follow these easy steps to completing it. 1. You will need the following documents to be submitted with…
Step 1 Documentation Simply identify yourself as a foreign tourist to the shop assistant, and request a Tax invoice for the goods you have purchased. A Tax invoice must contain…
What is VAT on Exported Goods? Vat on Exported Goods is a form of VAT (Value Added Tax) which can be claimed by qualifying purchasers on movable goods. These goods…
What is a VAT refund on exported goods? It is VAT which can be claimed by the qualifying purchasers on movable goods purchases in and then exported from South Africa.…