Employer Interim Reconciliation
Sep17

Employer Interim Reconciliation

As from 1 September 2013 it is time to submit your Employer Interim Reconciliation for the six month transaction period 1 March to 31 August 2013. Make sure you can tick the following boxes when preparing and sending your Employer Interim Reconciliation: Complete an accurate reconciliation submission: Your accurate reconciliation submission must include your Employer Reconciliation Declaration (EMP501), Employee Tax Certificates...

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SA Trade Stats for July 2013
Sep17

SA Trade Stats for July 2013

Pretoria, 30 August 2013 - The South African Revenue Service (SARS) today releases trade statistics for July 2013 that record a trade deficit of R14.21 billion. Summary:   The R14.21 billion deficit for July 2013 can be attributed to exports of R75.69 billion and imports of R89.89 billion. Exports increased from June to July by R7.45 billion (10.9%) and imports increased from to June to July by R13.97 billion (18.4%). The cumulative...

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Permanent Voluntary Disclosure Program
Sep17

Permanent Voluntary Disclosure Program

“In the event that the applicant fails to disclose material facts from the application, SARS may withdraw the relief granted…” With the promulgation of the Tax Administration Act, No 28 of 2011, which subsequently took effect on 1 October 2012, a relief programme of a permanent nature was introduced. This programme has similar characteristics to the past Voluntary Disclosure Programme which could have been applied for...

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Debit Pull Transactions Discontinued
Sep17

Debit Pull Transactions Discontinued

Starting 4 September 2013, Debit Pull transactions on eFiling will be phased out and discontinued. This process will take place over a month. Why is SARS discontinuing the use of a Debit Pull transaction on eFiling? With debit pull a taxpayer or their approved representative may authorise SARS to collect the money owed directly from their bank on their behalf, which means that SARS is initiating the collection directly from their...

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