In 1995, SARS collected just over R127 billion in tax revenue.
Today, that figure stands at R1.14 trillion.
By 2018, SARS aims to collect R1.26 trillion in tax revenue.
In short, SARS is coming after more of your money.
And they will do everything in their power to get their greedy hands on as much of your money as possible.
But what if I told you…
Th... ››› more
If you've been acting on the share recommendations the FSPInvest team delivers every month in publications like The South African Investor, Real Wealth and Red Hot Penny Shares, then you're probably making handsome investment returns right now.
Soon, these investment returns will spark interest from SARS, and soon they'll come knocking asking for their share of your profits.
Your broker is... ››› more
This morning, the rand is trading at R15.51 to the dollar. In 11 days it's lost 54 cents against the greenback. This is only the beginning of the rand's fall.
If you think this is bad, keep an eye on the rand this week. I expect to see a significant weakening against the dollar thanks to new rumours in the media related to the arrest of our finance minister, Pravin Gordhan. “Pravin Gordhan fa... ››› more
If you invest and you trade, SARS view the returns you make from these activities differently.
Say you have a long-term investment portfolio. If your profits from selling shares within a tax year exceeds your capital gains threshold, you'll have to pay capital gains tax on a portion of your profits.
But if you're a trader, SARS views the profits you make as income rather than capital gains.
... ››› more
Earlier today, the South African Revenue Service (SARS) released its trade account data for February.
The data showed that the deficit narrowed significantly from January. This was thanks to a strong rise in exports.
But the trade deficit was higher than economists predicted.
Let's take a closer look at what the data showed…
The trade deficit for February was R8.48 billion
SARS... ››› more
What on earth is going on with the stock market and the currency market!
Sasol has tanked over 30% in the last few months and is not showing any sign of strong upside…
The Swiss National Bank removed the cap on the Swiss Franc, which caused the US Dollar to tank over 2,000 pips against the Swiss Franc, in a couple of minutes.
If you were short in the USD/CHF trade, congratulations becau... ››› more
When you invest and trade on the stock market, your main objective is to make money.
But if you've done well, chances are all the profits aren't yours. You'll have to pay SARS its cut.
So how do you know when you have to declare your profits to SARS from your investments? And what are you liable to pay?
Read on to find out…
Your tax liability to SARS when you invest and trade
W... ››› more
There are only eight days left to file your tax return, so make sure you don't leave it for the last minute. The deadline is November 21st, 2014.
Here is everything you need to know before submitting your tax return.
First of all, if you don’t have a tax number already, you need to apply for one with the South African Revenue Services before submitting your tax return. To get a tax number, ... ››› more
With about a third of South Africans smoking, the cigarette market is a lucrative one. Estimates suggest that one in three cigarettes smoked in the country is illegal. This is costing the government billions in lost taxes. Let's take a closer look at the issue…
The illegal cigarette trade is booming
Every year sees the illegal production of “about 8 billion cigarettes” in South Africa, ... ››› more
Yesterday, SARS released its data on South Africa's trade balance for March. Since February, which posted a surplus, the trade balance is now in deep deficit territory. The figure came in much worse than economists had forecast. Let's take a closer look at the data and why the sudden turnaround…
SA’s trade balance widened in March
SARS revealed that in March “South Africa recorded a much... ››› more
Earlier today, the South African Revenue Service (SARS) released the trade account data for January. The numbers showed that after recording a surplus in December, the trade account recorded a huge deficit last month. Let's take a closer look at why this happened…
The trade account reflected a R17.1 billion deficit
For January, the trade account revealed a “deficit of R17.06 billion,” r... ››› more
You may think of yourself as a trader. But what actually defines what a trader is? It all comes down to how quickly you buy and sell, what you're putting your money into and what you research. Let's take a closer look at what trading actually is…
There are a few distinct differences between trading and conventional investing, the research team at Red Hot Storm Trader explain…
With both st... ››› more
Friday was the deadline for non-provisional tax payers to submit their tax returns. With more than six million tax returns submitted on time, this is the best response to date. Let's take a closer look at the latest tax filing season…
Yesterday, Pravin Gordhan, the Finance Minister “thanked the more than six million people who filed their tax returns on time,” notes the SABC. The number of... ››› more
Earlier today, the South African Revenue Service (SARS) released revised figures for South Africa's trade deficit. SARS has now included trade figures from SA's neighbouring countries, which has reduced the trade deficit significantly. The rand strengthened on the news. Let's take a closer look at what's going on…
The “trade deficit for the first nine months of 2013” has fallen drastically... ››› more
Earlier today, SARS released its 2013 Tax Statistics. The data, which covers the 2012 tax year, showed that nearly half of personal income that SARS gets its cut of is earned in the Gauteng province. Let's take a closer look at what the data revealed...
SARS's data on tax showed that individual taxpayers in Gauteng “earned 46.5% (R475.8 billion) of the country's total R1 trillion aggre... ››› more
With just over a month left until the deadline for individuals to file their tax returns, SARS issues a warning. The Revenue Service says that people should avoid using tax advisers who claim they will definitely get the individual a tax refund. Let's take a closer look at what's going on...
Earlier today, SARS told “taxpayers to exercise caution against tax advisers” guaranteeing a tax reba... ››› more
When it comes to tax, no-one wants to pay more tax than they have to. By asking yourself some questions, you can work out whether you might be paying too much. Read on to find out how you can save on tax…
Most people could easily save on the amount of money they hand over to the taxman.
Where are you paying too much tax?
Ask yourself these questions, you could be making mistakes without ... ››› more
We're four days into the new tax season. You might be well organised and have already filed your return. And now you're eagerly waiting to find out if you're getting a rebate. But beware, make sure you don't fall for a scam email claiming it's from SARS. Here's what's going on and how you can protect yourself…
The new tax season kicked off on Monday. If you’re in the process of filing your t... ››› more
Unless you run or sit on the board of the companies you invest in, there's nothing you can do to affect your shares' performances once you own them. But there's a way to guarantee your shares will be worth more five, ten and 20 years from now by stiff-arming the taxman…
By tax-managing your investments you can save yourself a lot of money over the long-term. That means handling your portfolio ... ››› more
It hardly seems like a year since we were last filing our tax returns. But the laborious task is back at the top of the ‘To Do' list. After all, today is the first day of SARS' individual tax filing season …
From today, you can file your tax return with SARS.
But don’t worry, if you’re not eager to get lost in a mass of paperwork just yet, you have some time to get it done.
If you ... ››› more
Disclaimer FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found on this website.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this website.