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The validity of tax invoices – it is your responsibility

The validity of tax invoices – it is your responsibility

The audits of Value-Added Tax (VAT) returns by the South African Revenue Service (SARS), have increased the focus on the validity of tax invoices for the purposes of VAT. A VAT vendor submitting VAT returns is responsible for ensuring that all invoices included in the returns comply with the relevant legislation. If valid tax invoicesRead more about The validity of tax invoices – it is your responsibility[…]

SARS amendments to the trust income tax return

SARS amendments to the trust income tax return

Author: Jenny Klein (ENSafrica) During the 2014 tax year, the South African Revenue Service (“SARS”) introduced a new income tax return for trusts (ITR12T) which was much more comprehensive than its predecessor. The contents of the return were also customised based on the answers to certain questions. SARS has recently announced further enhancements to theRead more about SARS amendments to the trust income tax return[…]