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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.
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.
Stock appreciation rights (SARs) and phantom stock are very similar plans. Both essentially are cash bonus plans, although some plans pay out the benefits in the form of shares. SARs typically provide the employee with a cash payment based on the increase in the value of a stated number of shares over a specific period of time.
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 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 funds. In the United States, carried interest is taxed at the same rate as long-term capital gains. Because this tax rate is fairly low, the policy ...
Payments remain constant over the life of the loan; however, payments are allocated to interest in progressively smaller amounts. In a one-year loan, in the first month, 12/78 of all interest owed over the life of the loan is due; in the second month, 11/78; progressing to the twelfth month where only 1/78 of all interest is due.
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.
The band were to receive a royalty rate three times as high as that typically given to a new act, full artistic control of recordings, and ownership of the recording master tapes. [39] [40] The deal also let the band use non-Decca recording studios. Regent Sound Studios, a mono facility equipped with egg boxes on the ceiling for sound treatment ...