by Bionic Chartered Accounting | Jun 26, 2025 | Tax
“My sincere gratitude goes to the compliant taxpayers and traders who have continuously played their part in building our country. Ndza khenza.” (SARS Commissioner, Edward Kieswetter) Tax Filing Season 2025 officially opens on 7 July this year. This covers the...
by Bionic Chartered Accounting | Jun 26, 2025 | Tax
“We accept the responsibility to achieve the 2025/26 revenue estimate presented by the Finance Minister Mr Enoch Godongwana.” (SARS Commissioner Edward Kieswetter) Removing the contentious proposed VAT increases from Budget 3.0 led to a shortfall in revenue that...
by Bionic Chartered Accounting | Jun 26, 2025 | Tax
07 July – Monthly PAYE submissions and payments 25 July – Value Added Tax (VAT) manual submissions and payments 30 July – Excise duty payments 31 July – VAT electronic submissions and payments, Corporate Income Tax (CIT) Provisional Tax payments where applicable....
by Bionic Chartered Accounting | May 28, 2025 | Tax
“The difference between tax avoidance and tax evasion is the thickness of a prison wall.” (Denis Healey, former UK Chancellor of the Exchequer) The line between tax avoidance and tax evasion can sometimes appear blurry, especially in complex transactions...
by Bionic Chartered Accounting | May 28, 2025 | Business, Economy, Financial, Tax
Last month’s Budget 3.0 withdrew the contentious proposed VAT changes. This resulted in inflation-linked fuel levy increases of 16c for petrol and 15c for diesel, from 4 June. Other tax proposals from March’s Budget – including static personal tax thresholds, reduced...
by Bionic Chartered Accounting | May 28, 2025 | Tax
06 June – PAYE submissions and payments 25 June – VAT manual submissions and payments 27 June – Excise duty payments 30 June – VAT electronic submissions and payments, & CIT Provisional Tax payments where...
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