SA Business Integrator - Volume 8 l Issue 2

Page 26

INCOME TAX

Time to get our

tax affairs in order The South African Revenue Service (SARS) is currently on a major tax compliance drive and taxpayers and their practitioners are feeling the pressure. However, system failures, delays with refunds and communication overload, then sudden cessation, are causing frustration for taxpayers, tax practitioners and SARS alike, says Phillip Joubert, Manager for the Centre for Tax Excellence at SAIPA. The 2021 tax year has come to an end, and it truly does seem that SARS will continue throwing us curveballs, with a number of changes predicted to be implemented in the upcoming filing season. Until that is confirmed, practitioners will need to remain diligent and agile in their engagements with both SARS and their clients. Taxpayers have to get into the habit of keeping their supporting documents and to provide them

24 sabusinessintegrator.co.za

well in advance of the submission date for tax returns. SARS is relying more and more on third party data and tax practitioners need to know their clients in order to pick up any data anomalies. This can prevent understatement penalties and other issues later. It is also up to the tax practitioner to train their clients on best practice, as this will save all parties from a lot of frustration in the future.


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Articles inside

SA’s environment, society and governance metrics ranking

10min
pages 86-91

Technology can fast track skills development in the mining sector in 2022

6min
pages 96-102

Sustainable environmental technologies crucial to SA mining industry's future

4min
pages 94-95

BDO: How mines can best position themselves to lead the way on ESG

2min
pages 84-85

Future trends in green financing

2min
pages 82-83

Welders are a dime a dozen, but quality welders are not

4min
pages 78-81

Embarking on the 2050 carbon neutrality through decarbonisation of the mining sector

6min
pages 70-73

Government needs to support the metal & engineering sector

5min
pages 64-66

Five digital marketing trends

2min
pages 62-63

Soloplan – creating solutions for the entire world of logistics

3min
pages 60-61

Turning property into prosperity in 2022

4min
pages 56-59

Vodacom: Digitally connecting multiple mines in one secure place

2min
pages 50-51

The Townships Project contributing to the socio-economic development of SA

4min
pages 52-54

Sparkling Diamond: Sparkling (like a) Diamond

1min
page 55

Data is only gold if you know how to use it

6min
pages 46-49

Gautrain Management Agency demonstrates how it exerts the shared value principles

3min
pages 44-45

Higher education’s impact on SA’s economic wellbeing is dwindling

6min
pages 40-43

MiX Telematics: Telematics trends for 2022 and beyond

3min
pages 38-39

The moral bankruptcy of minimum wage laws

6min
pages 34-37

Time to get our tax affairs in order

3min
pages 26-29

Government’s role in job creation

9min
pages 22-25

transformation trends

2min
pages 30-31

Electrolux: Driving sustainable solutions

6min
pages 18-21

TUHF's approach demonstrates commitment to the inner city

8min
pages 10-13

SA’s economy has a small window of opportunity to bounce back and rebuild

6min
pages 14-17

Trillion Cart Investments (Pty) Ltd: We seek to build and share wealth in Africa

3min
pages 32-33
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