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SARS contracted a private company, Interfile (https://interfile.co.za/), to enhance and operate SARSeFiling until 2010 when SARS took the initiative in house. In the 2015/2016 tax year SARS eFiling processed 36.80 million electronic submissions and payments which equates to 98.7% of all submissions and payments to SARS in South Africa. [2]
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 determines capital gain (or loss) on the disposal of an asset relative to the base cost of the asset. For most assets, the base cost is the price at which the asset was purchased. If the asset was held before 1 October 2001, the base cost is deemed to be the assessed value of the asset on 1 October 2001.
January 16, 2024 is the fourth and final installment deadline for tax year 2023. If you fail to meet this deadline, you may be assessed a penalty when you file your tax return. January 31
Jan. 31, 2024. This deadline is for employers who must mail or furnish W-2 forms or 1099 forms to all employees who worked for them in 2023. Feb. 15, 2024. If you are tax-exempt, this would be ...
We rate the best tax software solutions — from budget-friendly options for straightforward returns to feature-rich platforms for more complex situations — to help simplify the 2025 tax season.
In recognition of these benefits, various arms of the South African government have embarked on a number of e-government programmes for example the Batho Pele portal, SARS e-filing, the e-Natis system, electronic processing of grant applications from remote sites, and a large number of departmental information websites. Also a number of well ...
Now the due date of April 15, 2024, is almost here, and filing an extension will give you until Oct. 15, 2024, which could prevent you from rushing through your tax situation and making mistakes.