I am part of a CC and work for another company as well, what I would like to know is, when I do my tax return it asks me if I am a member of a CC and then asks me for my personal assets and my interest in the CC, Could you please elaborate on this, as I don't know how this affects my return.
It will not affect your return, SARS just wish to know the assets and liabilities of owners' of business' as most tax evasion takes place at this level. It is there way of tracking whether or not a taxpayer is underdeclaring their income, but is living a lifestyle and owns assets beyond their income means.
Get SARS Tax Dates and Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.