Thank you for signing upDear Reader, A Note Concerning Privacy, Spam, Filters, BlackLists, and Whitelists… You also might be wondering how we’re going to use your e-mail address. Please note that the security and privacy of your e-mail address is assured. We will NEVER sell or rent your e-mail address under any circumstance. Additional information can be found on our Privacy Policy. Additionally, in light of today’s use of spam filters and blacklists, we strongly encourage you to “whitelist” us to ensure that your E-Letter is delivered without fail.. Thanks for joining us. It’s an exciting time here at Fleet Street Publications and you couldn’t have joined at a better point. To ensure that you receive all our tips, tools and advice we will be sending you an email to confirm your email address. It should be arriving in your inbox shortly and all you need to do is click on the confirmation link. You’ll also hear from me from time to time. I’ll keep you updated on the latest opportunities and promotions, their support helps keep our e-letter free. And when our newest research and content is available online, I’ll be the first to let you know. Best regards,
Annabel Koffman |
SARS issues new Vat guide
Tax Bulletin | 19 January, 2009 | Hot Topics:
Dear fellow tax payer,
It’s official: the year’s in full swing, everyone’s back at work (as evidenced by the extreme hike in the traffic on the roads).
SARS extends eFiling deadline!
I know I warned you last week about the 23 January deadline for filing your tax returns via eFiling. SARS has now stated it will complete and capture returns electronically at any of its offices until this initial deadline, but tax payers now have until 5 February to submit their returns through eFiling. This doesn’t mean you’ve got oodles of time still: the 5th of February is less than three weeks away!
SARS issues new Vat guide
On the 9th of December last year, SARS announced the issue of a very useful guide (Vat 409) on the Vat treatment for fixed property and construction transactions. It’s also about time: SARS published the previous version of this guide in 1991, and since then a fair number of amendments to the Vat Act have taken place.
The guide is fairly broad and is important reading for you if you’re involved with the financial aspects of fixed property and construction, but it doesn’t deal with all the legal details associated with Vat so you shouldn’t refer to it for legal clarification. SARS has also tried to avoid technical and legal jargon wherever it can.
Visit the SARS website (www.sars.co.za) to download the guide in full. You’ll find it under the “What’s new” tab.
Jerry Botha
Enjoying this article? Sign up for our free daily email, Tax Bulletin, to receive tax and vat tips and tricks to stay one step ahead of SARS - Delivered to your inbox every weekday. Sign up to the TaxBulletin.
Editors note
Fulvia Stoltz
Tax Bulletin Editor
The Tax Bulletin is packed full of tax tips, commentary on changes to the tax landscape and is also an interactive tax forum which aims to help you efficiently manage your taxes and avoid all the traps. It is also a handy reminder of the deadlines which taxpayers have to meet.
