I don’t think anyone was surprised by the budget speech.
The increases were expected, as government had only two means available to it by which to meet budget requirements: decrease spending or... [read more]
Normally, you must keep all your accounting records in South Africa.
SARS will only allow you to store them outside the country if you meet certain conditions.
One of these is that if you... [read more]
Great news! If you don’t agree with a SARS assessment, you can ask it to give you reasons on how it did the tax calculation. This is called a “Reasons for assessment” request and it’s one of... [read more]
You must keep 16 of your financial records for five years in case SARS audits your business (Vat Act).
If SARS comes around and doesn’t find these records, it could penalise you. Or worse,... [read more]
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