What is Non-Taxable or Exempt Income?

“Non-Taxable Income” or “Exempt Income” is income which you receive which you are allowed to exclude from your Gross income and in so doing you do not get taxed on it. Some Examples include: Dividends received from a South African source South African interest...

Vat Categories

Category A: Bi-Monthly - Un-even Months 2 month period ending on uneven months (January, March, etc). Applicable to vendors with taxable supplies not exceeding R 30 million in a 12 month period, or farmers with taxable supplies that exceed R 1.5 million in a 12 month...

When to expect a VAT Refund…

What is a VAT refund? A VAT refund is an amount of VAT that is payable by SARS to a vendor, where the total amount of input tax exceeds the total amount of output tax in a particular tax period, or a vendor has paid an amount of VAT, in excess of the amount that...