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06/06/2011South Africa Tax Developments

Two important administrative policy decisions have recently been communicated to tax practitioners by the South African Revenue Service SARS. 1. SARS will not pay personal income tax refunds into third-party bank accounts, including employer accounts, even if the individual is tax equalized. KPMG Note Legislative intervention will be required before SARS can change this policy; [...]Related posts:South Africa and Taxpayer Audits, Voluntary ComplianceSouth Africa Unveils 2010/2011 BudgetSouth Africa: Tax proposals for 2011/2012

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