Tax Season

COIDA Return of Earnings deadline extended

The filing season for 1 March 2024 to 28 February 2025 is now open, and the COIDA submission deadline has been extended to 31 July 2025. Submissions made after this date will incur a 10% penalty for late submissions.  So, with the COIDA deadline fast approaching, employers need to submit their Return of Earnings (ROE) […]

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Unlock tax benefits while giving back: how section 18a donations can work for you

Taxpayers looking to make a difference in their communities while optimising their tax positions can do so through donations to Section 18A (s18A) charities. These donations not only support crucial public benefit initiatives but also offer valuable tax deductions. Under Section 18A of the Income Tax Act, individuals and businesses can make tax-deductible contributions to

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SARS leverages AI enhancements for the 2024 tax filing season

The 2024 tax filing season is upon us, and the South African Revenue Service (SARS) is leveraging advanced AI technologies to streamline the tax filing process. These advancements aim to enhance effectiveness, precision, and the overall user experience for taxpayers. Michael Rushby, Managing Director of tax and audit firm Galbraith Rushby, provides an overview of

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Splurging big while reporting small?

SARS intensifies lifestyle audits to combat tax evasion Ahead of Tax Season 2024, the South African Revenue Service (SARS) has stepped up its use of lifestyle audits to identify discrepancies between individuals’ reported income and their actual lifestyle.  This move aims to ensure that all taxable income is accurately declared to combat tax evasion. What

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