What is the new income tax return for trusts? SARS has improved the Income Tax Return for Trusts. The old form was redesigned and automated. The new form will be…
An admin penalty on tax returns is incurred when you do not meet various requirements. The admin penalty is currently only collected for the late submissions of tax returns or…
Who must complete and submit a personal income tax return? All taxpayers that earns any form of remuneration more than R250 000 per year from a single employer, must complete…
What are the benefits of eFiling? An eFiling Tax return can be done simply on-line. It is actually very convenient for small and large businesses alike. Can you use eFiling…
What is a fuel tax refund? Qualifying entities that carries on eligible activities in the categories and industries listed below and that are registered for VAT purposes (under the Value-Added…
Foreign citizens that wish to claim tax refunds on Income tax deductions from South African employers may have to consult with a registered tax practitioner. Registrations of tax practitioners are…
How do VAT tax refunds work? A vendor is required to calculate their VAT liability, in relation to its allocated tax period. This is done by by off-setting input tax…
What is a tax refund? A tax refund or tax rebate is a refund on taxes when the tax payer paid more than the amount he or she is liable…