SARS disallowed over 60% of home office claims last year .

Loading player...
The South African Revenue Service (SARS) remains steadfast that the rules are the rules when it comes to claiming home office expenses, particularly for people who are employed.
It disallowed more than 60% of home office claims during the 2021/22 tax year, mainly because people did not qualify in terms of the current legislation or got their calculations wrong.
The flood of claims was understandable since employees and any children attending school and university were forced to work and study from home when the Covid-19 pandemic hit the country.
Although the rules are what they are, SARS is not always right when disallowing home office deductions.
Taxpayers should not be afraid to approach the Tax Board or the Tax Court if SARS has applied the law incorrectly, says Carmen Westermeyer, a facilitator of The Tax Faculty’s monthly tax discussions.
10 May 2022 4AM English South Africa Business News · Investing

Other recent episodes

BofA Slashes SA Growth Forecast as Inflation Surges

Bank of America has cut South Africa’s 2026 GDP growth forecast to 1.3%, warning that higher oil and fertilizer prices will keep inflation above 4% for most of the year. Economist Tatonga Rusike explains
23 Apr 3PM 11 min

Understanding SA’s First Wealth Score

Franc unveils South Africa’s first-ever Wealth Score, revealing that financial habits—not income—are the strongest predictor of financial health. We unpack why SA’s national score is 45/100 and the behavior gap between knowing and doing with Dr. Thomas Brennan, founder and CEO of Franc.
23 Apr 3PM 13 min

Clicks Lifts HEPS 8% Despite Warehouse Disruptions.

Clicks delivered firm interim results with diluted HEPS up 8.1%, even as warehouse system delays cost an estimated R175 million in lost sales. CEO Bertina Engelbrecht discusses pharmacy growth, trading margins, and festive‑season competition.
23 Apr 2PM 16 min