This follows the webinar that was hosted by SARS on ‘Home Office Tax Requirements’ on 9 July 2021.
The FAQs are based on persons in employment who do not earn mainly commission (unless expressly stated otherwise)
The document now consists of 33 FAQs in total.
SARS also makes reference to refers to Draft Issue 3 of Interpretation Note 28 “Deductions of Home Office Expenses Incurred by Persons in Employment or Persons Holding an Office” published on 15 November 2021. The deadline for public comment is 14 January 2022. You can access the draft interpretation note 28 here: https://www.sars.gov.za/wp-content/uploads/Legal/Drafts/LPrep-Draft-2021-84-Draft-IN-28-Issue-3-Deductions-of-home-office-expenses-incurred-by-persons-in-employment-or-persons-holding-and-office-%E2%80%93-15-November-2021.pdf
You can access the existing Issue 2 of Interpretation Note 28 here: https://www.sars.gov.za/wp-content/uploads/Legal/Notes/LAPD-IntR-IN-2012-28-Home-Office-Expenses-Deductions.pdf
Click here to download the Updated FAQ document:
How does this affect you and your clients?
Relevance to Auditors, Independent Reviewers & Accountants:
Relevance to Your clients:
Individuals who are in employment, and who do not earn mainly commission, may wish to claim a deduction for home office expenses – especially since the majority of people were working from home as a direct result of the COVID-19 pandemic.
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