2014 – The South African “Tax Year” Ahead In Perspective
16 January 2014
Posted by: Author: Hugo Van Zyl
Author: Hugo Van Zyl
The first and very important note to make, in dealing with South African tax issues: tax year 2014 ends on the last day of February 2014. The South African tax year for most individuals, are 1 March until the last day of February in the next calendar year. Corporates can change their tax year-end to align with the last day of their financial year-end, yet Trusts partners in a JV or partnership, are obliged to file assuming a tax year-end on the last day of February, despite their financial year-end being the last day of another month.
Yes, sadly this date, Friday 28th 2014, is not even listed on the SARS webpage on important dates, yet is an extremely important tax deadline.
SARS has two webpages namely: www.sars.gov.za and www.sarsefiling.co.za.
The President’s State of the Nation Address will be delivered in Parliament on 13 February 2014, and 13 days later the Finance Minister Pravin Gordhan will present the budget speech to Parliament (26 February 2014, around 2 pm).
To access the full article click here.
This article first appeared on taxconnections.com.