SARS’ new rule: Is travel compensation still worth the chase?
Which is better – company car or travel allowance? It’s a question that regularly plagues both employers and employees. “In light of new SARS requirements for travel reimbursements, it needs to be carefully revisited,” says Jerry Botha, Master Reward Specialist and Executive Committee member of the South African Reward Association (SARA).
CHANGE IN UIF CONTRIBUTIONS
A recent tax law change has been effected in respect of employer/employee UIF contributions. Please familiarise yourself with the legal note included below and consider whether you and your employees identified below may have an obligation to make UIF contributions.
Budget Speech 2018/2019 – 5 key outcomes
Finance Minister Malusi Gigaba delivered a “tough, but hopeful” 2018/2019 Budget Speech. The far-reaching implications of the budget changes will no doubt come to light in the coming weeks.
Tax Season 2017 is Open
Tax Season 2017 is Open The tax season opened on the 1st of July for individuals to submit their Income Tax returns. The deadline dates differ according to the method of submission and is as follows: 2 September 2017 for manually submitted returns; 24 November 2017 for returns submitted electronically at a SARS branch or […]