COMPLY WITH DIRECTIVE 7 BY FRIDAY OR FACE THE CONSEQUENCES, SAYS FIC

Accountable institutions that ignore Directive 7 and fail to submit a risk and compliance return (RCR) by Friday face being sanctioned by the Financial Intelligence Centre (FIC).

South Africans abroad must review their Sars profiles for tax compliance

The South African Revenue Service is flagging tax returns that have not been filed and where it has third-party information available to it.

Tax professionals ‘should prepare for more major shifts in SA’s tax system’

The compliance landscape has shifted from ticking the boxes to risk anticipation, risk identification, and proper disclosure.