October 20, 2016

Can SARS re-assess a tax return several years old?

Can SARS re-assess a tax return several years old? Imagine the following scenario: a taxpayer named Andrew is on his annual vacation for four weeks. On the fifth day of his vacation, he is lying carefree in the sun with his toes wiggled into the warm beach sand.  A thought crosses his mind: perhaps he […]
July 26, 2016

Provisional tax for individuals: Did you know?

Provisional tax for individuals: Did you know? Provisional tax is not a separate type of tax but pre-payments on income tax for a specific tax year. The aim of provisional tax payments is to help taxpayers to fulfil their tax responsibilities by spreading tax payments over a tax year. After SARS has assessed a taxpayer […]

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