This feed is published daily with selected new or updated
content from across the Lowtax Network. For a list of Lowtax Network
sites, many of which feature daily news, see
below.
Providing essential tax news and information
for globally mobile artists, contractors, entrepreneurs, professionals,
small businesses, sportspersons and entertainers.
Lowtax Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail.
Tax News: Global
tax news, continuously updated through the day.
Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor.
Law & Tax
News: Daily news and background data on tax and legal developments
for international business.
Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation.
Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources.
US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax.
NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers.
SARS Announces Changes To South African Tax Forms,
by Robert Lee, Tax-News.com, London
Wednesday, March 11, 2009
The South African Revenue Service (SARS) has released draft versions of all
income tax forms for the 2009 tax season for comment and feedback from taxpayers
and practitioners.
According to an announcement by SARS on March 9, the forms have been updated
and improved as part of the on-going work to simplify the income tax process
and taking into account feedback received and lessons learned during tax season
2008.
The most significant changes affect Income Tax Return Request form (ITRR) and
the Income Tax Return for Individuals (ITR12). The ITRR now includes the taxpayer’s
details from their previous income tax return. This means that most taxpayers
whose tax affairs have not changed since last year will only have to sign the
ITRR and submit it. Taxpayers registered for e-filing and those who chose to
submit a return via a SARS branch do not have to request an income tax return.
Improvements to the ITR12 include combining and simplifying the farming and
business income sections, adding additional verification information under banking
details for security purposes and introducing a new medical aid code (4040)
to distinguish between contributions made via an employer (code 4005) and those
contributions not reflected on an IRP5.
SARS also announced that minor legislative amendments have been made
to forms IT12TR, IT12EI and IT14.
Minister of Finance Trevor Manuel announced the timetable for the 2009 tax season in last month's budget. Under this schedule, the 60 day pay-as-you-earn
(PAYE) reconciliation period for employers will begin on April 1 and end on
May 30, and the filing period for individual income tax returns will follow
from July 1. This year’s deadlines for submission of income tax returns
for individuals and trusts are September 18 for manual filers and November 20
for electronic submissions.
SARS is hoping that the upcoming tax season will see a continuation of the
growth in e-filing. Last year, over 86% of all returns were submitted via the
SARS e-filing system or electronically at the tax department's branches.
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
Advertising & Marketing
With over 50,000 qualified readers every month our web-sites
offer a number of cost effective, targeted advertising,
sponsorship and marketing opportunities:
Display advertising - from 'skyscrapers' to 'buttons'
Content/article submission and sponsorship
Opt-in email marketing
On-line Services Directory listings
Could your corporate web-site or newsletter benefit
from incorporating regularly updated news and content
tailored to serve your clients' interests? We can provide
a variety of maintenance-free news and content solutions
that can be seamlessly integrated and dynamically delivered:
Click here for a brief introduction
to RSS and instructions on how to get the Tax-News feed.
IMPORTANT NOTICE: THE LOWTAX NETWORK has
taken reasonable care in sourcing and presenting the information contained on
this site, but accepts no responsibility for any financial or other loss or damage
that may result from its use. In particular, users of the site are advised to
take appropriate professional advice before committing themselves to involvement
in offshore jurisdictions, offshore trusts or offshore investments. All materials
on this site copyright THE LOWTAX NETWORK 1999 to 2010. Contact
us for further information.
TAX-NEWS.COM
Free Tax-News Feed