SARS - NO MORE EASY ACCESS TO TAX CLEARANCE CERTIFICATES!!!

SARS - NO MORE EASY ACCESS TO TAX CLEARANCE CERTIFICATES!!!

By: Anlo Team

SARS has dropped a bomb on all South African Taxpayers. 

The issuing of the printed Tax Clearance Certificates (TCC) will be terminated effectively from 25 October 2019. They are implementing a more secure and fully electronic Tax Compliance Status (TCS) system. 

The goal of the TCS system that was implemented in 2015 was to end the use of printed TCCs, and to stop issuing TCCs at a future date. 

What does this mean for businesses & individuals?

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Provisional Tax Submissions – August 2019 for the Tax Year Ending February 2020

Provisional Tax Submissions – August 2019 for the Tax Year Ending February 2020

In August it is time again for the first provisional tax submissions for individuals registered for provisional tax along with all companies and entities.

We have received a lot of questions around provisional tax for individuals and if they should be registered for provisional tax.  What does this mean for individuals?

We thought it will be a great idea to remind everyone what provisional tax is and ask people to start sending their information to us.

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Financial Emigration - All You Need To Know

Financial Emigration - All You Need To Know

This has been a hot topic and we have been preparing for these changes for a while, but let’s break it down to understand why this is now important and needs to be considered per individual.

If we go back to what the act says about residency, in South Africa we have a tax-residency based system. This means that South Africans are subject to tax on worldwide income. You are a SA resident if you are ordinarily resident (defined in common law) in South Africa during a year of assessment.

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