ufiling The time it takes to receive a refund from SARS (South African Revenue Service) can vary depending on several factors, including the accuracy of your tax return, the volume of returns being processed, and whether you’ve met all the requirements for a refund. Here’s a general guideline on when you can expect your SARS refund: … Read more
In South Africa, the calculation of taxable income for individuals is relatively straightforward. Here’s an overview of how taxable income is calculated: Gather All Income Sources: First, you need to gather information about all your sources of income for the tax year. This may include the following: Salary and Wages: Your income from employment. Business … Read more
SARS (South African Revenue Service) calculates tax returns in South Africa based on the information provided by individual taxpayers and businesses. The tax return process in South Africa is somewhat similar to tax systems in many other countries. Here’s a general overview of how SARS calculates tax returns: Filing a Tax Return: Taxpayers are required … Read more
In South Africa, certain types of businesses may be exempt from paying income tax, provided they meet specific criteria and comply with relevant regulations. These exemptions are designed to promote economic growth, job creation, and other socially desirable outcomes. However, the criteria for exemption can vary, and it’s important to consult with a tax professional … Read more
In South Africa, businesses are generally required to pay taxes according to specific schedules and deadlines determined by the South African Revenue Service (SARS). The timing and frequency of tax payments can vary depending on the type of tax and the financial year-end of your business. Here are some common taxes and their payment schedules: … Read more
In South Africa, you must register your business for tax as soon as it meets the criteria for tax registration. The specific tax registration requirements and deadlines can vary based on the type of tax and the nature of your business. Here are some common scenarios: Income Tax: If you are a natural person (individual) … Read more
To log into eFiling for your business in South Africa, follow these steps: Visit the SARS eFiling Website: Go to the South African Revenue Service (SARS) eFiling website at https://www.sarsefiling.co.za. Log In: On the eFiling homepage, you will see a login section. Enter your eFiling username and password. If you haven’t registered for eFiling or … Read more
You can register your business on eFiling in South Africa through the South African Revenue Service (SARS) website. Please note that procedures and requirements may change, so it’s essential to verify the latest information on the SARS website or contact SARS directly for the most up-to-date guidance. Here are the general steps you can follow: … Read more
In South Africa, the process for applying for workers’ compensation is governed by the Compensation for Occupational Injuries and Diseases Act (COIDA). Workers’ compensation provides financial assistance and support to employees who sustain injuries or illnesses as a result of their work. Here’s how to apply for workers’ compensation in South Africa: It’s crucial for … Read more
To register your domestic worker for workmen’s compensation in South Africa, you need to follow the process outlined by the Compensation for Occupational Injuries and Diseases Act (COIDA). Here’s a step-by-step guide on how to register your domestic worker: It’s important to note that the registration process and requirements may change over time, so it’s … Read more
