Why SARS is withholding some refunds
Why SARS is withholding some refunds

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Moonstone Monitor | 18 July 2024
IN THIS WEEK'S ISSUE
Top stories
SARS pays back R10bn, but some taxpayers’ refunds are being withheld
Bonitas plans to ‘return’ up to R700m in reserves to members
Pre-retirement savings withdrawals ‘make sense in certain cases’
In the news
Moonstone Compliance’s FICA webinar is fully booked
Optimism soars among small businesses despite challenges
More South Africans embracing offshore life insurance to hedge against rand depreciation, says Discovery
Pre-retirement withdrawals may cost RA investors dearly, Coronation warns
How NHI could cost employers and employees
Contravention must be ‘material’ to justify a debarment, Tribunal says
Head of Special Tribunal’s resignation impedes fight against corruption
SARB sanctions life insurer for FICA non-compliance
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TOP STORIES
SARS pays back R10bn, but some taxpayers’ refunds are being withheld
Taxpayers should inform SARS if they have been unemployed for a full year or longer, to avoid being flagged as non-compliant.
Top story read button
Bonitas plans to ‘return’ up to R700m in reserves to members
The medical scheme says it will use its reserves to limit contribution increases, while possibly improving members’ benefits and reducing co-payments.
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Pre-retirement savings withdrawals ‘make sense in certain cases’
Preservation must be encouraged, but the reality is that a retirement fund is many South Africans’ only source of savings, says Alexforbes.
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IN THE NEWS
Moonstone Compliance’s FICA webinar is fully booked
Please send us an email if you want to access a recording of the webinar.
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Optimism soars among small businesses despite challenges
With the increasing adoption of cloud technology by small businesses, there is a growing need to raise awareness about cybersecurity risks. MBSE’s courses offer essential training to enhance cybersecurity knowledge and earn CPD points.
Top story read button
More South Africans embracing offshore life insurance to hedge against rand depreciation, says Discovery
The Dollar Life Plan provides protection against the high cost of specialised medical treatment or studying in a foreign university.
In the news 3 read button
Pre-retirement withdrawals may cost RA investors dearly, Coronation warns
Withdrawing early effectively means you are borrowing from your future self over a fixed term at your expected rate of return on your RA investment.
In the news 4 read button
How NHI could cost employers and employees
It is expected that scrapping the medical scheme tax credit will be the first measure designed to raise revenue for NHI.
In the news 5 read button
Contravention must be ‘material’ to justify a debarment, Tribunal says
Decision set aside, although the FSP was correct in finding that the representative contravened the General Code of Conduct.
In the news 6 story read button
Head of Special Tribunal’s resignation impedes fight against corruption
Without an effective Special Tribunal, the Special Investigations Unit must approach the over-burdened High Courts to obtain asset forfeiture orders.
In the news 7 read button
SARB sanctions life insurer for FICA non-compliance
The effective fine of R7 million and other sanctions follow an inspection conducted four years ago.
In the news 8 read button
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