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.

JOHANNESBURG - The South African Revenue Service( SARS) says it collected more than R1.85 trillion in taxes in the 2024/25 financial ... But still, the tax agency collected almost R9 billion ...

SARS is now targeting over R2 trillion in collections over the next financial year.

These developments signal a need for heightened diligence in tax record keeping and reporting, with Sars clear in its mandate to collect revenue and eradicate non-compliance by whatever means ...

The income needed for the highest bracket in 2024 at 37% is $609,351 for a single filer. The income needed for the highest bracket in 2025 at 37% is $626,351 for a single filer. Tax season is well ...

Failure to comply with these regulations can lead to significant penalties and adjustments to taxable income by SARS. Tax consultants play a critical role by helping businesses develop transfer ...

in addition to the tax levied as per the South African Revenue Service (Sars) tax tables. The good news is that recent amendments to Section 9H of the act, which governs the exit tax – a mechan ...

The FTA’s announcement further noted that the first potential tax period for a natural person carrying on a business or business activity is for the calendar year 2024. For example, if a natural ...

New taxes on everything from pure-bred horses to bourbon are on the table, but the Labour government ... and it’s considering sacrificing a popular tax on American tech companies in order ...

Most Americans are happy to get money from the government, whether it comes in the form of a stimulus check or a tax cut. However, not everyone understands how these two forms of relief work and ...