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SARS eFiling is the official online tax returns submission portal for the South African Revenue Service launched originally under a different name and business model in 2000 [1] by private sector companies. These private sector companies charged an average fee of R46 per transaction for this service.
Income tax in South Africa was first introduced in 1914 with the introduction of the Income Tax Act No 28, an act that had its origins in the New South Wales Act of 1895. The act has gone through numerous amendments with the act presently in force is the Income Tax Act No 58 of 1962 which contains provisions for four different types of income tax.
The Union of South Africa came into existence on 31 May 1910, uniting the Cape Colony, Transvaal Colony, Colony of Natal, and Orange River Colony.Three months later, on 9 August, the Governor-General, Herbert Gladstone, retroactively appointed Joseph Clerc Sheridan, Esq., as the acting Commissioner for Inland Revenue with effect from 1 July 1910. [15]
SAIT publishes TaxTalk every two months to 10,200 recipients. The magazine deals with tax issues for the South African market. [6] In 2014, in comparison to the global average top rate of 32%, South Africa’s top personal income tax rate of 40% was high, and in comparison to the global average corporate tax rate of 24%, South Africa's was 28%.
In early 2019, Warren Thompson applied to the South African Revenue Service (SARS) with a request for access to the tax records of former President Jacob Zuma.Thompson was a financial journalist employed by Arena Holdings, which owned various major South African newspapers, including the Financial Mail, Business Day, and Sunday Times.
Here’s how to minimize (and prevent) the damage of missing a payment.
The South Shore Plaza was a busy place on Black Friday as shoppers crowded the mall looking for bargains. (John Tlumacki/The Boston Globe via Getty Images) (Boston Globe via Getty Images)
In 1996 and 1997, acting in terms of section 114 of the Customs and Excise Act, the Commissioner of the South African Revenue Service detained three vehicles belonging to First National Bank of South Africa (trading as Wesbank), intending to sell the vehicles to recover unpaid customs duties and penalties owed not by the bank but certain ...