The deadline for individual tax filing season submissions is 21 October 2024, with SARS urging taxpayers to use eFiling or the SARS MobiApp for convenience. After submission, taxpayers will receive an ITA34 document detailing their tax liability, with refunds processed within 72 hours if certain criteria are met. Failure to meet the deadline may result in penalties, with the Employer Interim Reconciliation Filing Season open until 31 October 2024 for employers to reconcile their declarations using the upgraded e@syFile™ Employer application to avoid penalties and interest.
Full Article
Donald Trump presses ahead with 30% tax
South African products will face a 30% tariff from August 7, the only sub-Saharan nation singled out in this move by President Trump, reflecting strained US-South Africa relations. Despite attempts to negotiate a trade deal, including investments and imports, the US has halted aid, with Trump criticizing South Africa's policies and claiming the tariffs will protect American jobs. Want More Context? 🔎
Read more