DR*CR Tax and Accounting

What if I do not agree?

What if I do not agree?

Introduction of improvements to the Dispute management process On 15 May 2017 SARS introduced important changes and improvements to its current dispute management process as part of our ongoing commitment to delivering a better service to...

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Income Tax Returns for Trusts

Income Tax Returns for Trusts

Enhancements to the Income Tax Return for a Trust (ITR12T) As part of SARS’ commitment to maintain high levels of efficiency and compliance, enhancements to the Income Tax Return for Trusts will be implemented from 15 May 2017. The...

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SARS and Taxable Fringe Benefits

SARS and Taxable Fringe Benefits

SARS defines a fringe benefit in the seventh schedule as having four elements i.e There’s an employment relationship; The benefit accrues to the employee as a result of this relationship; The benefit is a reward for services rendered;  The...

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2016 Income Tax Filing season

2016 Income Tax Filing season

Personal income tax (PIT) is the largest single source of the total tax revenue collection: SARS collected R389 billion in PIT during the past financial year. With Treasury targeting R1.43 trillion in gross tax revenue by 2018/19 (from R1.06...

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Managing your Tax Compliance status

Managing your Tax Compliance status

What is it?  In our continued effort to improve compliance and to make it even easier for taxpayers to manage their tax affairs, the South African Revenue Service (SARS) has introduced an enhanced Tax Compliance Status System. Being tax compliant...

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Tax compliance in South Africa improving

Tax compliance in South Africa improving

The number of South Africans using the services of tax practitioners is increasing. A good relationship and effective communication between taxpayers and tax practitioners, as well as knowledge of tax requirements — on both sides — are among the...

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