Securities Transfer Tax
29 February 2024 – The Securities Transfer Tax (STT) guide is updated with email address and REV16( Request for refund) form. GEN-PAYM-11-G01 – Securities Transfer Tax – External Guide
Media release – Trade statistics for January 2024
29 February 2024 – In the year 2023, South Africa recorded a full year total trade balance surplus of R62.2bn (exports of R2.04trn and imports of R1.98trn constituting a total trade of R4.02trn). Today, the South African Revenue Service (SARS) releases trade statistics for January 2024, recording a preliminary trade balance deficit of R9.4 billion. The […]
Legal Counsel – Secondary Legislation – Tariff Amendments 2024
29 February 2024 – Customs and Excise Act, 1964: The tariff amendments notices, scheduled for publication in the Government Gazette, relate to the amendments to – Part 1 of Schedule No. 1, by the Deletion of tariff subheadings 1604.20.30 and 1604.20.35 as well as the insertion of tariff subheadings 1604.20.31; 1604.20.39 and 1604.20.45 in order to give […]
Remember to record your motor vehicle’s odometer reading on 1 March
29 February 2024 – 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 1 March, i.e. […]
Mobile Tax Units for Western Cape
29 February 2024 – The Mobile Tax Unit schedule for Western Cape for March 2024 is now available.
Information on employees’ allowances for the 2025 year of assessment
29 February 2024 – The Minister of Finance has approved the new table of rates per kilometre for motor vehicles in respect of the 2025 year of assessment, for purposes of Section 8(1) of the Income Tax Act No. 58 of 1962. The Commissioner for SARS has determined the daily amount for expenditure in respect […]
