Dear Subscriber,

The South African Revenue Service announced in a press release on their website, www.sars.gov.za, the posting of the new simpler, shorter tax return to those individual taxpayers for whom SARS has a verified address.

Tax returns have been sent to the South African Post Office and will be delivered to taxpayers around the country. By the end of July almost 4 million IT12 S and IT12C returns will have been mailed. The IT12S is the standard income tax return for individuals who earn a salary with basic allowances such as pension, medical and travel. The IT12C is the comprehensive return which covers additional sources of income and deductions including capital gains/losses, business and rental income and farming income.

An article in issue 6 of the TAXtalk magazine quotes the minister of finance as saying, even those who found the (tax return) process complicated and hated forms like he did will be able to fill in the new one.

A top business publication claims that their magazine is a "nice to have" but TAXtalk is a "must have" for any business. A recent Readership survey revealed that 89% of our readers file the magazine for future reference. Proof that TAXtalk is a valuable resource to reference for both current and historical tax issues, being informed about vital tax updates and the latest developments at SARS is of critical importance to anyone working within the tax field. Subscribing to TAXtalk magazine guarantees that you stay on the cutting edge.

TAXtalk is offering you an annual subscription to the TAXtalk magazine at a massively reduced price of only R260.00

incl. VAT annually that is a saving of 57% off the regular annual subscription price. Plus you will receive 2 copies of the TAXtalk magazine absolutely FREE ! Take advantage of this offer now and Subscribe online now in less than two minutes and get your own copy of Issue 6 of the TAXtalk magazine posted to your address. For more information, you can also contact Lyndal Johnson on 0861TAXtalk (829 825)

Tax Issues
Tax attorney Kerry Watkin discusses issues surrounding the hiring of an in-house tax manager on Tax Issues. This was part 4 of the seven habitual tax mistakes businesses make. Tax Issues is broadcast on Summit TV (DSTV channel 55) on Wednesday at 20h40 and again at 22h40. Click here for a summary of the full interview.

Get the TAXtalk Magazine delivered to your postal address and receive a weekly tax electronic newsletter and download TAXtalk information and eBooks from the website. You can get all this by SUBSCRIBING to TAXtalk for R260.00 annually.

Subscribe online in less than two minutes.

Till next week.
Janine Connor
Head of TAXtalk

Interview with Tax attorney Kerry Watkin - Summit TV

Tax attorney Kerry Watkin discussed issues surrounding the hiring of an in-house tax manager on Tax Issues. This was part 4 of the seven habitual tax mistakes businesses make.

Daniel Erasmus

Empowering innovation to create signifance through training guiding, consulting, virtually everywhere. 60% of your uncovered taxes can lead to a depletion of all your profits?

eTaxjobs is a global job portal exclusively for tax professionals, and an online resource for employers and recruitment firms to advertise their vacancies. eTaxjobs operate in the UK, Europe, USA, Canada, Australia, New Zealand, Africa and around the World.

Available tax jobs for this week are:

• VAT Manager, EMESA, Western Union, Dublin, Ireland
• Tax Accountant, Leon & Herman & Co, South Manchester, UK
• Global Transfer Pricing Opportunities, PwC
• Regional Head of Indirect Tax, Rio Tinto, Perth, Australia
• Manager, M&A Tax, Deloitte, London, UK

Nazrien Kader, Head of Taxation Services at Deloitte in KwaZulu-Natal

Given my involvement in the world of taxation over the past 12 years, I have to admit that it has evolved dramatically. Taxpayers have certainly become more vigilant about their obligations to SARS. Whilst many still adopt an intuitive approach to tax management, the fact that tax is by far the largest expense on the income statement, has warranted a change in the way taxpayers view taxes in general.

Sanchia Temkin, Professional Services Editor - Business Day

THE Tax Academy launched at the beginning of the year for would-be tax advisers is already successful, said Philip Richards, senior manager of the tax services, learning and education division at PricewaterhouseCoopers (PwC).

Dorwin Nyaga, Senior Tax Consultant, PricewaterhouseCoopers

The gaming industry is a lucrative one for national, provincial and local governments as they secure generous tax revenues from casino gaming activities. For the 2005/2006 financial year, their share of total casino revenues was approximately 41%.

TAXtalk invites you to write an article in which you share your views and expertise on tax. Your article can be published in the newsletter for 7000 readers to view, on our website for over 100 000 viewers to see and in the TAXtalk magazine(with your photo) for more than 16 000 readers to read. Make an impression, submit your article NOW.

Article Requirements:
1 Page Article : 900 words  1½ Page Article : 1350 words  2 Page Article : 1800 words
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Submit your article to: janine@taxtalk.co.za or post it to: (P.O Box 1650 Gallo Manor 2052)