Late or incorrect Submissions
Prevented
Say goodbye to late or incorrect submissions that lead to penalties.
We take care of regulatory reporting and SARS submissions so you can handle business.
Spend less time compiling your reports and more time interpreting them.
We deliver peace of mind because we take care of compliance:
We understand that submitting to SARS can be a complex and time-consuming process for businesses. Our team is well-versed in the latest tax regulations and requirements, ensuring that your submissions are accurate and timely.
We care as much about you as you do about your clients to report on time.
We understand your obligation to your client
We stay updated on any changes in tax laws, so you can rest assured that your business remains compliant.
Let us take the stress out of tax season, allowing you to focus on what you do best – running your business.
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IT3(b) |
IT3(b) certificates report interest income from investments, rental income, dividends, royalties and other income that was due, paid or accrued to account holders. IT3(b) also provides a mechanism for withholding on interest to be reported. |
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IT3(c) |
IT3(c) certificates report payments like proceeds from the sale of unit trusts and other financial instruments. |
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IT3(e) |
IT3(e) certificates report income received by or accrued to clients from the sale or shipment of livestock, produce, timber, ores, minerals and precious stones. Bonuses and interest paid or accrued to the members of co-operative societies or companies are also be reported on an IT3(e) certificate. |
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IT3(s) |
IT3(s) allows financial institutions to report on tax free savings and investment accounts held by themselves. Current legislation on these accounts put a number of restrictions on the amounts that can be invested into these accounts (from an annual as well as lifetime perspective), and SARS require the reports to ensure investors do not breach these limits by investing across different financial institutions. |
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FATCA |
Under the model 1 IGA concluded between South Africa and the USA, South African financial institutions need to report relevant information to SARS, who will in turn report through to the IRS. It is expected that the FATCA reporting specifications published by SARS will change in format and detail as FATCA evolves, with numerous updates expected over the course of the next few years. Based on the design of the current FATCA specification issued by SARS, the same submission channel will most likely be used when OECD (CRS AEOI) reporting comes online. |
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DWT |
Dividends Tax is a tax imposed on shareholders on receipt of dividends. Dividends Withholding Tax is a tax that needs to be withheld by the company paying the dividend or by a regulated intermediary, and not the person liable for the tax (i.e. the beneficial owner of the dividend). The DWT submission type allows for the reporting of dividend information. |
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Medical Schemes |
The Medical Scheme Contributions report allows institutions to report on member demographic details, as well as details related to the contributions made by members as mandated by SARS. |
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Insurance Schemes |
The Insurance Scheme Payments report allows institutions to report on member demographic details, as well as details related to the contributions of members as mandated by SARS. |
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PAYE |
SARS provides a mechanism for the reporting of PAYE information (IT3(a) and IRP5). |
Focus on growing your business while we take care of the paperwork. No more sleepless nights worrying about deadlines. We've got you covered!
Say goodbye to late or incorrect submissions that lead to penalties.
Let your company be the next headline for all the right reasons.
Do you really have time for manual reporting? RegStream requires minimal time.
Automated reporting lets you save resource costs & time so you focus on what matters.
Ensure your data meets high standards with the best in data cleaning tools.
Get continuous data validation & powerful insights.
MarketStream is beneficial to any institution doing any form of exchange trading
• Banks
• Dealers
• Brokers
• Inter Dealer Brokers etc
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