Filing season officially opened on 1 July 2021. Below are a few important things to keep in mind when doing your taxes.

First and foremost, you HAVE to do it. There is no more slipping between the cracks at SARS. We strongly recommend that anyone who may still be tempted not to file a return or to withhold any important information, reconsiders. Earlier this year we wrote about some important changes to legislation that now make it a criminal offence not to submit a comprehensive, correctly completed return. If you missed the article, you can find it here.

If you still think you may get away with not declaring that secret offshore bank account, we would also like to remind you about Common Reporting Standards, often just referred to as “CRS”.  Around 97 countries in the world are collaborating via the OECD to comply to Common Reporting Standards.


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