Have your bookkeeper/auditor register you with SARS with regards to the following: Income Tax. PAYE - pay as you earn. UIF- unemployment insurance fund. SDL- skills development levy. VAT (If applicable)- value added tax 15%. Provisional tax is not a separate tax from Income Tax. It is a method of paying the income tax liability in advance, to ensure that the taxpayer does not have a...
Problems with Zero-Rating SARS has reviewed its approach to the payment of transfer duty or VAT on property sales. It has tightened many of its requirements, and it is important for all role-players in the industry to know what these are. All of these new restrictions apply to VAT-related sales, whether they are zero-rated or normal VAT payment transactions. SARS has issued a directive in terms of...