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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.
If the disposal is deemed to be income then 100% is added to taxable income. The determining factor for SARS in this instance is the intention behind the purchase of the shares. Generally, SARS views profit on the disposal of any shares held for more than 3 years to be capital in nature.
1. Use a Secure Password. This is true for your e-filing password as well as any other passwords you use. Use a mixture of upper- and lower-case letters, numbers and special characters if they ...
E-business (or e-commerce): e-services mostly provided by businesses or non-government organizations (NGOs) (private sector). E-government : e-services provided by government to citizens or business (public sector is the supply side).
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[98] [99] [100] However, two states enacted a form of VAT in lieu of a business income tax. Michigan used a form of VAT known as the "Single Business Tax" (SBT) from 1975 until voter-initiated legislation repealed it, replaced by the Michigan Business Tax in 2008. [101] Hawaii has a 4% General Excise Tax (GET) that is charged on gross business ...
Many systems allow a deduction for loss on sale, exchange, or abandonment of both business and non-business income producing assets. This deduction may be limited to gains from the same class of assets. In the U.S., a loss on non-business assets is considered a capital loss, and deduction of the loss is limited to capital gains.