only those deductions outlined in section 5(2) of their Act, in conjunction with the Customs and Excise Act 91 of 1964, are permissible. The saga began in November 2024 when SARS requested a ...

In terms of Judge Tolmay’s order, Sars will still be entitled to make statutory monthly deductions as provided ... a dispute with Sars in December 2024 in terms of the IRF Act and the ongoing ...

Sars originally ... Sars any deductions/recoupments already made. Sars was ordered to pay the RAF’s costs. She said despite the RAF declaring a dispute with Sars in December 2024 in terms ...

When the IRS released its inflation-adjusted tax brackets for 2025 on Oct. 22, the standard deductions were increased to $15,000 for single filers (an increase of $400 from 2024) and $30,000 for ...

With the standard deduction for single filers set at $14,600 and married couples filing jointly set at $29,200 in 2024 ... calendar to create a log before claiming the deduction on your tax ...

The implementation of SARS Vision 2024 is a strategic journey ... Another area of abuse is the Employment Tax Incentive, where learning institutions collude with employers to claim impermissible ...

You'll figure out your total gross income that you expect to earn this year and subtract any deductions ... will be tax-deductible. For a SEP plan, you can contribute as much as $69,000 or 25% of ...

Sars collected a record gross amount of R2.303 trillion in the 2024/25 tax year, 6.9% more than the previous year. It also paid refunds of R447.7 billion to taxpayers, the highest-ever amount.