Latest News

Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402 Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402 Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402 Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402 Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402 Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402 Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402 Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402 Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402 Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402 Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402 Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402 Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402 Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402 Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402 Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402 Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402 Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402 Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402 Warning: Trying to access array offset on value of type bool in /usr/www/users/mmscahzqpa/wp-content/themes/theme/functions/theme-functions.php on line 1402
February 19, 2018

Provisional Tax penalties on underestimation of income

Provisional taxpayers are generally those taxpayers who earn income from sources other than a salary. In other words, PAYE is not deducted from these other sources of income on a […]
February 6, 2018

Tax clearance certificates

Taxpayers may require SARS to issue them with a tax clearance certificate for various reasons. This includes a general confirmation that the relevant taxpayer’s affairs are all in order and […]
November 29, 2017

SARS to intensify action against tax offenders

Despite the fact that SARS has upheld their philosophy of education, service, and thereafter enforcement, they have noticed an increase in taxpayers not submitting their tax returns by the stipulated […]
August 30, 2017

5 Top tips to use during a SARS VAT Verification

Following a discussion with fellow senior employees at the MMS Group we felt it necessary to share some essential tips regarding the SARS VAT verification process. It is essential that […]
July 26, 2017

Submit your 2017 Income Tax Return and avoid penalties

Annual Tax season is here, and Income Tax return submissions began 1 July 2017. We’ve taken the liberty of answering frequently asked questions individuals may have. The South African Revenue […]
April 25, 2017

VDP and SVDP, what does this mean for me?

What is VDP? A VDP (Voluntary Disclosure Programme) is a process by which SARS extends an opportunity to taxpayers to regularise their tax affairs by disclosing any defaults on their […]
April 5, 2017

SARS releases new ruling on documentary requirements for VAT purposes

In February 2015 the South Atlantic Jazz Festival (Pty) Ltd successfully appealed a judgment of the Tax Court to the Full Bench of the Western Cape High Court (reported as […]
November 25, 2016

Will SARS allow you to deduct your company/close corporation’s assessed loss?

Under normal circumstances SARS will allow a taxpayer to carry forward the previous tax year’s assessed loss and set it off against the current tax year’s taxable income. However, there […]
November 25, 2016

Misuse of assessed losses

An assessed loss for income tax purposes is a potentially valuable asset:  it represents past losses made by a taxpayer which is able of being carried forward to subsequent tax […]
October 26, 2016

The general anti-avoidance rules

The Income Tax Act, 58 of 1962 (‘Income Tax Act’) contains various specific anti-avoidance rules aimed at preventing the abuse of certain specific sections in the Income Tax Act. However, […]