The South African Revenue Service (Sars) has thanked provisional taxpayers and Trusts for submitting their Income Tax Returns for the 2024 tax year- with an increase of nearly 5% in returns filed.

As South Africa braces for tax season, SMMEs are urged to review their financial practices to avoid legal consequences.

Trusts also demonstrated higher compliance levels, with SARS receiving 84,134 returns for the 2024 tax year, up from 68,890 in 2023—an increase of 22.2%.

The Union Budget 2025-26 introduces several amendments to indirect taxes, covering GST and customs. In GST, changes include allowing Input Service Distributors to distribute input tax credit for inter ...

The number of non-provisional taxpayers who filed their Income Tax Returns and those automatically assessed stands at 6 797 055.' ...

This includes: Provisional taxpayers will also see the window close for their tax returns on 20 January. A provisional taxpayer is any person who receives income other than remuneration.

The South African Revenue Service reports a significant increase in tax compliance, with provisional taxpayers and trusts showing nearly 5% growth in submissions for the 2024 tax year.

Preliminary figures for the 2024 tax year show a general increase in compliance for provisional taxpayers and trusts filing ...

The issue of marijuana dispensaries in Mansfield was an ongoing issue throughout 2024. City council voted to limit the number ...

If the taxman’s figures from 2024 and 2023 are anything to go by, about one million people missed Friday’s self-assessment tax deadline, writes chartered accountant Anthony Mellor, founder of ...