The tax year for individuals is from 1 March to the 28th or 29th of February of the following year.
A tax year, on the other hand, differs from a typical calendar year, which runs from January to December.
The tax year is designated by the final year of operation, for example, the 2022 tax year begins on March 2021 and concludes February 2022.
The tax year of a company however is not limited to the above and can end on any given month.
South Africa’s Winter Wonderland And SARS Cracks Down On Millionaires Has anyone else wondered where all the time has gone by? We certainly have! May has come and gone and we’ve approached our halfway destination. As this marks the end of the 1st financial quarter (for most entities) it’s good to reflect on past performance
Monthly Recap and Finance Brief is Back! This year we’re committed to keeping our clients, newsletter subscribers, suppliers, and all South African business owners, and individuals informed on all important and useful information to keep running their business as efficiently as possible. And in general, some non-business/accounting related topics to keep things interesting. We promise to
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