Voluntary Disclosure program:
In order for taxpayers to disclose their defaults (non-compliance) and regularise their tax affairs a voluntary diclosure program will be implemented.
· the disclosure is complete
· SARS was not aware of the default
· a penalty or additional tax would have been imposed had SARS discovered the default in the normal course
of business
Please view the other news items below:
Budget 2012 highlights - click to read more
Changes to provisional tax legislation - click to read more
Changes to travelling allowance - click to read more
New Companies Act - click to read more
Implementation of the Companies and Intellectual Property Commission - click to read more
SARS – changes to bank details - click to read more
New Consumer Protection Act - click to read more
New Consumer Protection Act – registration of business trading names - click to read more
SARS - www.sars.gov.za
New SARS penalties - www.sars.gov.za
2010/2011 logbook - www.sars.gov.za
Department of Labour - www.labour.gov.za
Department of Trade and Industry - www.thedti.gov.za
CIPC - www.cipc.co.za
Southern African Institute For Business Accountants - www.saibr.org
Currency Converter - www.xe.com
1 March 2009: Voluntary registration VAT threshold increased to R1 million
1 May 2011: Implementation of new Companies Act
1 May 2011: Companies and Intellectual Property Commission (CIPC) replaces CIPRO
31 October 2011: Closing date for applications in respect of the Voluntary Disclosure Program
29 February 2012: Odometer day - record closing kilometres travelled where you are in receipt of a travelling allowance
31 May 2012: Deadline for submission of 2012 annual PAYE reconciliation and registration of employees for income tax
31 August 2012: First provisional payment and return due for 2013 tax year
28 September 2012: Third (voluntary) provisional payment for 2012 tax year
28 September 2012: Deadline for submission of postal/SARS drop box income tax returns (Provisional and Non-provisional: Individuals and Trusts) – 2012 tax year
31 October 2012: PAYE Interim Reconciliation (six-month interim reconciliation for the period 1 March to 2012 to 31 August 2012)
23 November 2012: Deadline for submission of efiling/branch income tax returns (Provisional: Individuals and Trusts) – 2012 tax year
31 January 2013: Deadline for submission of efiling/branch income tax returns (Provisional: Individuals and Trusts) – 2012 tax year
28 February 2013: Second provisional payment and return due for 2013 tax year
28 February 2013: 12 months after financial year-end 2012: Submission of IT14 and IT12EI income tax returns for companies and exempt institutions – 2012 tax year