How SARS catches tax-dodgers
SARS auditors employ methods that most people wouldn’t have even considered How does the South African Revenue Service (SARS) catch those who do not contribute their fair share to state coffers? Here are some tests that SARS auditors perform to see if you are being somewhat economical with the truth. Comparing VAT returns to your […]
DOES YOUR HOME OFFICE QUALIFY YOU FOR A TAX DEDUCTION?
As the old adage goes, change is as good as a holiday. But the way that the novel coronavirus has shaken up the world we live in, has, to the contrary, been extremely disruptive and stress-inducing. For many people, the disruption has come in the form of shifting from the traditional office space to working […]
PROOF REQUIRED FOR INCOME TAX RETURNS – INDIVIDUALS
Following the conclusion of the tax year on 28 February 2014 documents are issued to you that must be retained for tax purposes. The following documents should, if applicable, be submitted to the accountant who completes your tax return and should be available if the South African Revenue Service (SARS) requests them: 1. IRP5 and […]