Legislation

May 15 2015

Newsflash courtesy of SAPA

Filing Season for 2015 Tax Year

The Government Gazette detailing the requirements and dates for the filing season which started on 1st April, ending 29th May, can be found here.

Changes to UIF Postponed

Accsys News Image
Apr 10 2015

Newsflash courtesy of SAPA

COIDA Changes

A Government Gazette 38643 published on 30th March announced an increase to the maximum earnings on which employer assessments for the Compensation for Occupational Injuries and Diseases (COIDA) are calculated. This came into effect on 1st April, and the amount has increased to R355 752 per annum. A schedule to this gazette details the manner in which compensation is calculated.

Accsys News Image
Mar 13 2015

Newsflash courtesy of SAPA

SARS Notices

SARS has published Government Gazette Notice 38516 to update us on fixing the rate per kilometre. To see the full notice, click here.

Accsys News Image
Feb 27 2015

Newsflash courtesy of SAPA

Tax Year End

The 28th of February seems to have arrived in a rush! It feels as if the August 2014 mid-year submissions have only just been completed. The last day of this tax year is Saturday, and payrolls need to be finalised for SARS reporting as of this date.

Budget Speech

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Feb 13 2015

Newsflash courtesy of SAPA

SARS changes tax certificates

While there are no changes expected on tax certificates being submitted electronically to SARS, and manually to employees, for the tax reporting period ending 28th February, changes are expected for the interim submissions which will be made for the reporting period which ends in August 2015. We will keep you updated as the details become clearer.

Accsys News Image
Feb 6 2015

Newsflash courtesy of SAPA

Taxation Laws Amendment Act

This was released on 20th January, in Gazette 38405, Notice 21. For a copy of the Act, please click here.

Taxation Administration Laws Amendment Act

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Jan 23 2015

Newsflash courtesy of SAPA

Section 10 of ETI Act

Minister of Finance, Nhlanhla Nene, confirmed on 15th December 2014 that section 10 of the Employment Tax Incentive Act became operational on the 19th December. Section 10 covers reimbursements (Government Gazette (GG) 38346).

Metal and Engineering Bargaining Council

Accsys News Image
Mar 25 2014

Yes, tips are taxable if they are considered to be part of your gross income and must be declared to SARS.

Every time a diner adds a tip to the bill, this income is almost certainly taxable.

While there are a number of definitions around the employer /employee / patron relationship, the interpretation given is that income earned in the course of your job should be declared as taxable earnings.

Of course, monitoring hand overs of cash is almost impossible....

Two case studies direct from the SARS Interpretation Note: No 76

Example 1 – Gross income

Teryl @ Work
Mar 14 2014

The Minister of Labour has announced an increase in the amount of maximum earnings, effective 1st April, 2014, to R332 479 per annum.

http://web.vdw.co.za/Portals/12/37379_Increase%20in%20max%20OID%20earnin...

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