SARS Archives - Voice of the Cape

FITA Confident in legal battle against SARS over tobacco factory CCTV rule

By Lee-Yandra Paulsen The Fair-Trade Independent Tobacco Association (FITA) remains optimistic about its legal battle against the South African Revenue Service (SARS) regarding the installation of CCTV cameras in tobacco manufacturing warehouses. This issue returned to court after SARS sought leave to appeal a High Court ruling from May 2023, which had granted an interdict halting the implementation of the new regulations. FITA Chairman Sinenhlanhla Mnguni explained, "In 2021, SARS […]

18 September 2024

Local

A comprehensive overview of South Africa’s Two Pot Retirement System

By Vusuthando Percyvil Dube Effective from September 1, 2024, the Two Pot Retirement System represents a transformative shift in South Africa’s retirement savings paradigm. This system aims to provide a financial safety net during times of crisis while also promoting long-term savings for retirement. This article delves into the depth of this system, including the structure of its components, eligibility criteria, and a detailed example to illustrate its workings. According […]

2 September 2024

Local

Early withdrawals of pension funds are subject to tax

Finance minister Enoch Godongwana has warned against hasty withdrawals of pension funds as part of the two-pot retirement system, which comes into effect on the first of September. The system allows retirement fund members to access savings without resigning or cashing out pension funds entirely. Godongwana said he is unfazed about those complaining about taxing the withdrawals. “I would not encourage anyone to access these funds. This is their future […]

30 August 2024

News

Failure to submit your tax can lead to penalties

By Loushe Jordaan Gilbert With an imminent deadline, non-provisional taxpayers still have up until the 23rd of October 2023 to file their tax returns. Aloysius Esterhuizen, Tax educator at SARS said while many were auto- assessed for the year 2023, others are encouraged to submit their returns before the deadline to avoid penalties. “Firstly, a huge thank you to all taxpayers that filed already. Taxpayers who are due to file […]

19 October 2023

Local

High court dismisses Sars’ application to repatriate Agrizzi’s foreign assets

The Pretoria high court has dismissed the South African Revenue Service’s application to repatriate foreign assets held by Angelo Agrizzi in Italy. Judge Annali Basson handed down the judgment electronically on Monday which was circulated to the parties and their legal representatives. Sars had applied to the court for an order compelling Agrizzi to repatriate all his assets located outside South Africa to pay his outstanding tax debts. The order […]

25 July 2023

Local

Updates on the Tax Filing Season

By Lee-Yandra Paulsen In an effort to bring clarity and certainty to taxpayers and traders, Aloysious Eesterhuizen, a team member from Tax Base Broadening and Education, on Tuesday morning shared important information on VOC Breakfast. The updates are meant to guide taxpayers through the ongoing tax filing season and shed light on the process. “The tax filing season officially commenced on July 7, 2023. There are two distinct categories of […]

11 July 2023

Local

Sars upgrading its eFiling systems — Here’s what you need to know

The South African Revenue Service (Sars) has announced it will be upgrading its online systems on Friday, saying this may interrupt service on the eFiling platform. The upgrade will take place between 6pm and 11pm. “During this time, you may experience intermittent service interruption on the eFiling platform,” Sars said. According to the revenue service, the upgrades are part of its strategic objective to provide streamlined digital online services. “Achieving […]

23 June 2023

Local

Taxpayer confidentiality remains fundamental to us: Sars on court order

The South African Revenue Service (Sars) says it is applying its mind to the implications of the Constitutional Court judgment in the case involving a request to access certain tax records of former president Jacob Zuma. The request was made in terms of the Promotion of Access to Information Act (Paia) and was declined by Sars on the basis that legislation prohibited it from acting in any other way. On […]

31 May 2023

Local

Sars offers slight adjustment on wage increase for staff

The SA Revenue Service (Sars) has found a little extra cash for a slight improvement in its wage offer to staff. Two weeks ago the National Education Health and Allied Workers’ Union (Nehawu) and the Public Servants Association (PSA) embarked on a strike after the revenue office offered a 1.39% wage increase. The workers are demanding a 7% across-the-board wage increase. The tax entity on Wednesday said it was committed to […]

29 July 2022

SARS

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