bmtc home office

SARS – How to Claim for home office expenses

When will I be able to claim home office expenses? If you are an employee who works from home and has set aside a room to be occupied for the purpose of “trade”, e.g. employment, you may be allowed to deduct certain home office expenses for tax purposes calculated on a pro-rata basis.  Provided that […]

SARS – What you need to know to claim for travel.

When can you claim for travel? If you receive a travel allowance from an employer or principal, you can claim a deduction on assessment of your annual income tax return for the use of a private motor vehicle for business purposes. What do I need to do? Firstly, record your motor vehicle’s odometer reading on […]

SARS and NPA: Joint media statement on prioritising tax crime

Tshwane 14, 2021 – The Commissioner of the South African Revenue Service (SARS) – Mr Edward Kieswetter, and the National Director for Public Prosecution (NDPP), Advocate Shamila Batohi, have agreed to further enhance collaboration and deal with key challenges of tax crime and non-compliance, eroding the tax revenue base and the integrity of the tax system. […]

Understanding income tax as a freelancer

  Imagine sliding into your home office with comfy pants, a notebook, and the aroma of coffee. Working for yourself certainly seems appealing. But, unlike those working for a company, you will have the added responsibility of taking care of your income tax. Freelancers receive a variety of payments throughout the year and, in addition […]

Enhancements to the SARS MobiApp

26 April 2021 – Taxpayers will now receive estimated assessment via MobiApp. Taxpayers will have an option to either view the return or edit the return. Once editing, the return option is selected, the taxpayers original return will be filed / submitted to SARS. For more information, see the updated Guide to the SARS MobiApp.

SARS CALLS ON EMPLOYERS TO PREPARE DATA FOR ANNUAL EMPLOYERS FILING SEASON

The South African Revenue Service (SARS) is committed to providing certainty and clarity to all taxpayers and traders regarding their tax and customs obligations so that they can remain compliant and to ensure that transacting with the organisation is as simple and easy as possible. However, the ease and simplicity of transactions with SARS depends […]

Q & A’S FOR EMPLOYERS ON COVID-19 TAX RELIEF

No Question & Answer​ ​1 Q: ​What is the COVID-19 Tax Relief available to Employers? A: On 21st April 2020 President Ramaphosa announced additional measures to assist employers to provide financial stability to their employees. One of these measures includes a 35% deferral on the monthly PAYE liability owed to SARS for the months of […]

HOW DO I CONTACT SARS WITH MY DEBT QUERY? (BUSINESS AND INDIVIDUALS)

COVID-19 tax relief measures How to apply for the waiving of penalties for tax debt: Larger businesses (with gross income of more than R100 million) that are incapable of making payment due to the COVID-19 disaster, may apply to defer tax payments without incurring penalties by emailing us on COVID19IPAaboveR100m@sars.gov.za. Note the requirements below. Similarly, businesses with […]