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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 36.8 million electronic submissions and payments which equates to 98.7% of all submissions and payments to SARS in South Africa. [3]
It's compulsory for a business to register VAT remission when the value of taxable supplies in a 12-month period exceeds or is expected to exceed R1 million. VAT in South Africa currently stands at 15% as of 1 April 2018. [26] Value Added Tax (VAT) was first introduced in South Africa on 29 September 1991 at a rate of 10%. In 1993 VAT was ...
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]
Constitution of the Republic of South Africa, 1996 Section 84(2)(f) [3] [4] Inquiry into allegations for impropriety regarding Public Investment Corporation: Lex Mpati [3] 17 October 2018 [3] Nugent Commission [5] Constitution of the Republic of South Africa, 1996 Section 84(2)(f) [6] Inquiry into Tax Administration and Governance by SARS [5 ...
Travel and subsistence expenses describe the cost of spending on business travel, meals, hotels, sundry items such as laundry (though usually only on long trips) and similar ad hoc expenditures. [1] These reimbursements often have tax and related implications, and vary depending on the country of the business.
In 2017, a whistleblower notified the U.S. Securities and Exchange Commission and US Department of Justice, alleging possible violations of the Foreign Corrupt Practices Act in awarding of a R1 billion (2015) (equivalent to R1.17 billion or US$88.54 million in 2018) [6] contract to the Oracle Corporation by National Treasury in 2015.
The visa policy of South Africa is how the South African government determines who may and may not enter South Africa. Visitors to South Africa must obtain a visa from one of the South African diplomatic missions unless they come from one of the visa-exempt countries, in which case they get a "Port of Entry Visa". Visitors who require a visa ...
The Department of Transport is the department of the South African government concerned with transport.The political head of the department is the Minister of Transport, currently Barbara Creecy; her deputy is Mkhuleko Hlengwa.