Tax & Legislation Tax News
The SA Revenue Service (Sars) has acquired new powers to gather intelligence on taxpayers and collect revenue. People and companies, such as lawyers, estate agents and medical aid funds, now had a duty to automatically submit information about their clients to Sars, The Times reported.
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Multinationals based in SA - particularly in the mining, automotive, pharmaceutical and finance sectors - will need to pay special attention to taxes. The South African Revenue Service (Sars) said this week that it plans to increase its scrutiny of multinationals when it comes to tax compliance, particularly with regard to transfer pricing and double taxation, which it has identified as a problem. Add a comment
IT IS unlikely there will be big tax increases in next week's budget, but after President Jacob Zuma's state of the nation address it seems that some upward adjustment in tax is possible in the near future.
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Johannesburg - Two important tax deadlines fall on January 31, the SA Revenue Service (Sars) said on Wednesday. Add a comment
THE South African Revenue Service (SARS) will in future find itself on equal footing with other creditors when a company is placed in business rescue under the Companies Act, business rescue practitioners said this week. Add a comment
