SARS to introduce retirement fund tax changes in 2022

South African taxpayers who receive income from retirement funds and other sources will see changes in the monthly taxes they pay in 2022.

The South African Revenue Service (SARS) said it will introduce changes to its systems from 1 March 2022 to prevent taxpayers who receive income from more than one source – where one of the sources is income from a retirement fund – from paying extra taxes.

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