SARS Nails Taxpayer Based on Bank Information
On 06 July 2023, the High Court handed SARS a big win in CSARS v M (A5036/2023) [2023] and where SARS challenged a taxpayer that what was on their tax return and bank account did not match. It is general knowledge that SARS knows everything in your bank account and this case is a perfect […]
DTA FAQs: Answering All Your Questions
As a South African expat, navigating double taxation agreements can be challenging. Experts answer all your burning DTA questions.
SARS Asks Big Questions in 2023 Tax Season for Individuals worth above R50m
The commencement of the 2023 tax filing season saw the South African Revenue Service (SARS) further upholding its commitment to keep a close eye on high-net-worth (HNW) taxpayers with assets above R50 million.
The Downfall of Crafty Taxpayers Who Hide Income From SARS and Seek to Rely on Prescription
All taxpayers should arrange their tax affairs to obtain the best advantage and to pay the least amount of tax. This is a right every taxpayer possesses, and well entrenched in South African and international tax law. However, this planning must be done within the constraints of what the law allows.
CIPC and SARS Align to Eradicate Non-Compliance at All Levels
If you hold “Beneficial Ownership” in relation to a company, you should already be aware of the new “Beneficial Ownership Register” functionality now on the Companies and Intellectual Property Commission’s e-services platform.