SARS Flashcards
1
Q
SARS
A
-South African Revenue Services
2
Q
SARS obligations
A
When you receive an income, tax is deducted therefore you must register with SARS
3
Q
Income tax
A
-The government’s main source of income. A tax levied on all income and profits received by a tax payer
4
Q
Tax threshold
A
The level of income at which you begin to pay tax
5
Q
Non-compliance
A
Not doing what youre supposed to do
6
Q
Tax dodging
A
Avoiding paying tax
