Category Archives: Tax

Ease the Cash Flow Strain of Tax Payments : Small Business

For small business owners, tax payments can be a significant source of cash flow strain. [...]

Tax Efficiency Strategies for Small Businesses in South Africa

At Primorial, we understand the challenges small businesses face in navigating the complex world of [...]

Use This SARS Incentive to Bring Young People into Your Business

“The employment tax incentive is aimed at encouraging employers to hire young and less experienced [...]

Your Tax Deadlines for June 2024

07 June – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 June – Value-Added Tax (VAT) [...]

Your Employer Annual Declaration is Due by 31 May

“Failure by an employer to comply with its obligations does not only harm that employer [...]

Your Tax Deadlines for May 2024

07 May – PAYE submissions and payments 24 May– Value-Added Tax (VAT) manual submissions and [...]

Donating to a PBO? Check SARS’ New Requirements (and PBOs Note Your New 31 May Deadline)

“[The new requirements] enable… a more efficient process to make deductions available to qualifying donor [...]

Your Tax Deadlines for April 2024

05 April – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 April – VAT manual submissions [...]

Your Tax Deadlines for March 2024

07 March – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 March – VAT manual submissions [...]

Provisional Tax: Are You Ready for the Crucial 29 February Deadline?

“Provisional tax is merely a mechanism to pay the normal income tax liability during the [...]

Your Tax Deadlines for February 2024

07 February – Monthly Pay-As-You-Earn (PAYE) submissions and payments 23 February – Value-Added Tax (VAT) [...]

How to Achieve Tax Compliance Throughout 2024

“SARS is willing and ready to assist taxpayers who want to be compliant. Where taxpayers [...]

Your Tax Deadlines for January 2024

05 January – Monthly Pay-As-You-Earn (PAYE) submissions and payments 24 January – End of Filing [...]

Corporate Gifting: How to Boost Your Business This Festive Season

“A real gift comes attached with ribbons, not strings.” (Raymond C Nolan) Most clients, suppliers [...]

Festive Season Gifts for Employees? Here’s How SARS Will Tax Them

“Think of giving not as a duty but as a privilege.” (John D. Rockefeller Jr.) [...]

Your Tax Deadlines for December 2023

7 December – Monthly Pay-As-You-Earn (PAYE) submissions and payments 28 December – Excise Duty payments [...]

SARS Admin Penalties: What Taxpayers Can Do

“…imposing administrative non-compliance penalties is to ensure the widest possible compliance with the provisions of [...]

Dispute with SARS? Here are the New Rules…

“The importance of the ability of taxpayers to challenge the legality of actions and decisions [...]

Your Tax Deadlines for November 2023

7 November – Monthly Pay-As-You-Earn (PAYE) submissions and payments 29 November – Excise Duty payments [...]

The Risky New Trust Landscape – What Trustees Need to do Now

“The common assumption is that trusts are some kind of tax panacea…Then, conversely, from a [...]

Your Tax Deadlines for October 2023

6 October – Monthly Pay-As-You-Earn (PAYE) submissions and payments 30 October – Excise Duty payments [...]

Common Tax-Related Criminal Offences, and How to Avoid Them…

“The difference between tax avoidance and tax evasion is the thickness of a prison wall.” [...]

Corporate Taxpayers: Hello Tougher SARS Verifications

“Any taxpayer can be selected by SARS for verification for the purpose of proper administration of tax, including on [...]

Your Tax Deadlines for September 2023

7 September – Monthly Pay-As-You-Earn (PAYE) submissions and payments 28 September – Excise Duty payments [...]

Tax Season 2023 Now Open – What’s New and What’s Not

“The submission of accurate personal income tax returns on time is important for a seamless [...]

SARS Warning: Beware Scam Emails!

“The backbone of any successful phishing attack is a well-designed spoofed email or spoofed website, [...]

Your Tax Deadlines for August 2023

7 August – Monthly Pay-As-You-Earn (PAYE) submissions and payments 30 August – Excise Duty payments [...]

Your Tax Deadlines for August 2023

7 August – Monthly Pay-As-You-Earn (PAYE) submissions and payments 30 August – Excise Duty payments [...]

Is Your Information Safe With SARS?

“Confidentiality of taxpayer information has always been a fundamental cornerstone of tax systems… taxpayers need [...]

Your Tax Deadlines for July 2023

7 July – Monthly Pay-As-You-Earn (PAYE) submissions and payments 28 July – Excise Duty payments [...]

Can the R&D Tax Incentive Benefit Your Business?

“The government expects that, by encouraging companies to undertake R&D in South Africa, local companies [...]

Your Tax Deadlines for June 2023

Disclaimer: The information provided herein should not be used or relied on as professional advice. [...]

How You and Your Business Can Benefit from SARS’ Solar Tax Breaks

“The lack of reliable electricity supply is the biggest economic constraint… I am pleased to [...]

Happy Tax Freedom Day!

“In 2022 South Africa had the 12th highest income tax burden, the 9th highest company income tax [...]

Your Tax Deadlines for May 2023

5 May – Monthly Pay-As-You-Earn (PAYE) submissions and payments 30 May – Excise Duty payments [...]

UDZ Tax Incentive Extended: Could Your Business Benefit?

“…governments internationally have increasingly used tax measures to support efforts aimed at regenerating urban areas.” [...]

Your Tax Deadlines for April 2023

1 April – Start of the 2022/23 Financial Year 6 April – Monthly Pay-As-You-Earn (PAYE) [...]

Budget 2023: How It Affects You and Your Business

“This is not an austerity budget. It is a budget that makes tough trade-offs in [...]

Budget 2023: Your Tax Tables and Tax Calculator

The big Budget Speech 2023 tax news was the introduction of tax incentives for investing [...]

Your Tax Deadlines for March 2023

7 March – Monthly Pay-As-You-Earn (PAYE) submissions and payments  30 March – Excise Duty payments [...]

Maximise Your Business Travel Tax Deduction

“Without a logbook, you will not be able to claim a travel deduction.” (SARS Travel [...]

How the New Assessed Loss Tax Limitation Works

“People who complain about taxes can be divided into two classes: men and women.” (Unknown) [...]

Budget 2023: The Minister of Finance Wants to Hear from You!

“Finally, we pay tribute to the millions of South Africans, whose resilience and courage during [...]

The Importance of Maintaining Your Tax Compliance Status in 2023

“Being tax compliant… is not just good for you, but also contributes to the positive [...]

Your Tax Deadlines for January 2023

Disclaimer: The information provided herein should not be used or relied on as professional advice. No [...]

Your Tax Deadlines for December 2022

Disclaimer: The information provided herein should not be used or relied on as professional advice. No [...]

Selling Your Business – Plan Well, with a Tax Benefit When You Retire

“A diligent buyer will want up to five years’ worth of profit and loss statements, [...]

SARS Can Take Money from Your Account! Here’s How to Prevent It…

“[Taxpayers] should give at least the same priority to tax obligations as their other responsibilities.” [...]

Your Tax Deadlines for November 2022

7 November – Monthly PAYE submissions and payments 25 November – VAT manual submissions and [...]

Are You Claiming Your Full Tax Relief for Disability-Related Medical Expenses?

“South Africa is aligned with the practice in many other countries of granting tax relief [...]

Your Tax Deadlines for October 2022

7 October – Monthly PAYE submissions and payments 25 October – VAT manual submissions and [...]

Loadshedding: Tax Incentives for Energy Efficiency and Alternative Power

“This is a call for all South Africans to be part of the solution; to [...]

Your Tax Deadlines for September 2022

7 September – Monthly PAYE submissions and payments 23 September – VAT manual submissions and [...]

Is Your Trust Registered and Ready for Income Tax?

“A trust is a ‘person’ for tax purposes and is therefore a taxpayer in its [...]

Your Tax Deadlines for August 2022

5 August – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 August – Value-Added Tax (VAT) [...]

Tax Season 2022 Now Open: Beware, This Year’s Deadlines are Shorter!

“Few of us ever test our powers of deduction, except when filling out an income [...]

Owe SARS a Tax Debt? Here Are Your Options…

“Tax debtors are expected to take responsibility for their tax obligations and to organise their [...]

Your Tax Deadlines for July 2022

7 July – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 July – Value-Added Tax (VAT) [...]

Your Tax Deadlines for June 2022

7 June – Monthly Pay-As-You-Earn (PAYE) submissions and payments 24 June – Value-Added Tax (VAT) [...]

Estate Planning: Act Now to Protect Your Family and Business After You Are Gone

“The golden rule of all estate planning is: don’t wait.” (Missionwealth.com) Just 20% of South [...]

Tax Freedom Day 2022: The Day We Stopped Working for Government

“Taxpayer: One who doesn’t have to pass a civil service exam to work for the [...]

The Simple Solution to Hassle-Free EMP501 Final Recons

“The employer in collaborating with SARS plays a critical coalition towards adherence and compliance of [...]

Companies: How Will the Reduced Tax Rate and Assessed Loss Rules Affect You?

“What the government gives it must first take away.” (John S. Coleman) It certainly seemed [...]

Your Tax Deadlines for May 2022

06 May Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 May Value-Added Tax (VAT) manual submissions [...]

What The New Employment Tax Incentive Limits Mean for Your Business

“Since the unemployment rate in the Republic is of concern to Government; and since Government [...]

Planning to Cease Being a South African Tax Resident? What You Should Know Before Approaching SARS

“Dear IRS, I am writing to you to cancel my subscription. Please remove my name [...]

Your Tax Deadlines for April 2022

1 April Start of the 2022/23 Financial Year 7 April Monthly Pay-As-You-Earn (PAYE) submissions and payments [...]

Budget 2022: Your Share of Billions in Tax Relief and Business Support

“Now is not the time to increase taxes and put the recovery at risk! Accordingly, [...]

Budget 2022: Your Tax Tables and Tax Calculator

How much will you be paying in income tax, petrol and sin taxes? Use Fin [...]

SARS Makes SMME Tax Compliance Easier

“Tax complexity itself is a kind of tax” (Max Baucus) NOTE: Bear in mind that [...]

Multiple Income Streams? The PAYE Dangers and a New Option for Pensioners

“Every advantage has its tax.” (Ralph Waldo Emerson) An unfortunate reality for many non-provisional taxpayers [...]

Your Tax Deadlines for March 2022

7 March Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 March Value-Added Tax (VAT) manual submissions and [...]

Seven Crucial Tax and Other Issues to Address When an Employee Dies

“Employees are the key to your success… Treat them well!” (Ron Kaufman) The death of [...]

Budget 2022: The Minister of Finance Wants to Hear from You!

Finance Minister Enoch Godongwana has invited the public to share suggestions on the 2022 Budget [...]

Your Tax Deadlines for February 2022

7 February Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 February Excise Duty payments 25 February [...]

The Top 10 Complaints Against SARS: What You Can Do to Protect Your Rights

“… the OTO commits to continue doing everything possible to ensure that taxpayers are not [...]

Your Tax Deadlines for January 2022

 7 January Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 January Value-Added Tax (VAT) manual submissions [...]

‘Tis the Season for Giving but Beware the Taxman!

 “Think of giving not as a duty but as a privilege.” (John D. Rockefeller Jr.) [...]

Festive Season Cybercrime Alert: Tips from SARS

“Cyber Attack: An attack, via cyberspace, targeting an enterprise’s use of cyberspace for the purpose [...]

Your Tax Deadlines for December 2021

2 December – Extended filing season deadline for non-provisional individual taxpayers (originally 23 November 2021) [...]

What Auto-Assessed Taxpayers Must Know as the November Deadline Looms

“The hardest thing in the world to understand is the income tax” (Albert Einstein) A [...]

How To Get a R1.8m CGT Exclusion When Selling Your Small Business

“The tax on capital gains directly affects investment decisions, the mobility and flow of risk [...]

Your Tax Deadlines for November 2021

05 November – Monthly Pay-As-You-Earn (PAYE) submissions and payments 23 November – End of Filing [...]

Letter of Demand from SARS? Handle With Care!

“A senior SARS official may authorise the issue of a notice to a person who [...]

Crypto Assets and Tax – From the Horse’s Mouth

“The future of money is digital currency” (Bill Gates) If you are thinking of buying [...]

Your Tax Deadlines for October 2021

7 October – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 October – Value-Added Tax (VAT) [...]

Emergency Tax Relief: Is Your Business Eligible and What Should You Consider?

“SARS will implement these tax relief measures because compliant taxpayers have paid their fair share [...]

Your Tax Deadlines for September 2021

07 September – Monthly Pay-As-You-Earn (PAYE) submissions and payments 23 September – Value-Added Tax (VAT) [...]

Home Office Expenses: To Claim or Not to Claim?

“We would simply ask taxpayers to consider carefully the longer-term implication of defining an area [...]

Audit Your Employee Taxes, Before SARS Does

“One of our strategic objectives is to make it easy for taxpayers to comply with [...]

Your Tax Deadlines for August 2021

7 August – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 August – Value-Added Tax (VAT) [...]

Tax Filing Season 2021 Opened 1 July: Start Preparing!

 “The secret to getting ahead is getting started.” (Mark Twain) To avoid the last-minute rush, [...]

What You Should Know About Airbnb and Tax

“All forms of rental income must be declared to SARS … We are … determined [...]

Your Tax Deadlines for July 2021

1 July – Start of Filing Season 2021 for Individuals (Non-Provisional) 1 July – Start [...]

Got Cryptocurrency? Here’s How Much SARS Wants…

The future of money is digital currency” (Bill Gates, Co-founder of Microsoft) Note: The risks [...]

Youth Day: Why Our Young People Are So Important to Your Business

“If [business is] not listening to the youth, they are not listening to their future [...]

Your Tax Deadlines for June 2021

7 June – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 June – Value-Added Tax (VAT) [...]

Uncertain, Costly Power Supply: How to Mitigate Your Risk

“The more that energy costs, the less economic activity there can be” (Robert Zubrin) It [...]

A Basic Guide to PAYE and Four Common Mistakes

“The point to remember is that what the government gives it must first take away” [...]

Your Tax Deadlines for May 2021

7 May – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 May – Value-Added Tax (VAT) [...]