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SARS eFiling is the South African governments official online tax returns submission portal for the South African Revenue Service (SARS). SARS eFiling provides free services to individual taxpayers, trusts, companies and tax practitioners to submit tax returns, submit declarations and make relevant payments in an online environment.
In financial regulation, a Suspicious Activity Report (SAR) or Suspicious Transaction Report (STR) is a report made by a financial institution about suspicious or potentially suspicious activity as required under laws designed to counter money laundering, financing of terrorism and other financial crimes.
Effectively, SARS manages, administers, and implements the tax regime as designed by the Minister and National Treasury. SARS was established in 1997 by a merger of the customs and inland revenue departments, at the recommendation of the Katz Commission, which had been instituted to review the South African tax system for the post-apartheid era.
SARs resemble employee stock options in that the holder/employee benefits from an increase in stock price. They differ from options in that the holder/employee does not have to purchase anything to receive the proceeds. [1] They are not required to pay the (options') exercise price, but just receive the amount of the increase in cash or stock. [2]
Of the assessed taxpayers only 882 000 (18%) owed SARS some tax, 11.3% had a zero assessment and 70.7% received refunds. Furthermore, of the 4.9 million assessed tax payers 1.9 million (40.2%) were from the Gauteng province and 1.3 million (27.3%) were in the 35 – 44 age bracket.
The right of access, also referred to as right to access and (data) subject access, is one of the most fundamental rights in data protection laws around the world. For instance, the United States, Singapore, Brazil, and countries in Europe have all developed laws that regulate access to personal data as privacy protection.
The captain of the ship would take a 20% share of the profit from the carried goods to pay for the transport and the risk of sailing over oceans. [5] The name is not connected with interest rates or interest payments on a loan or bank account. Today, the term is used to name the compensation collected by investment executives in private equity ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 18 December 2024. This article is about the financial term. For other uses, see Interest (disambiguation). Sum paid for the use of money A bank sign in Malawi listing the interest rates for deposit accounts at the institution and the base rate for lending money to its customers In finance and economics ...