Life on the seas can be a lot of fun, especially if you are young, adventurous and up for a challenge. However, with all the excitement and the newness of being on a vessel, it is easy to lose track of your financial matters. Tax alone can be a tricky topic when you are working […]
The Pretoria High Court delivered a profound judgment concerning the confidentiality of taxpayer secrecy on 11 November 2021.
SARS published a media release confirming at the eleventh hour that the deadline for filing individual tax returns has been extended until the 2nd of December 2021. But what is the driver behind the indulgence?
The global trend of skills migration has resulted in numerous positions becoming vacant in South Africa. This means that foreigners with the desired skills are next in line to climb the company ladder, which makes residing in South Africa much more appealing.
The number of South African taxpayers working abroad have increased systematically over the last two decades, as did the number of expatriates planning to formalize their emigration.
A court ruling ordering the SA Revenue Service (SARS) to share the tax records of former president Jacob Zuma with the media may herald the start of the rolling back of the tax agency’s long-held policy of absolute taxpayer secrecy, according to adjunct associate professor Deborah Tickle of the University of Cape Town’s (UCT) Tax […]
Following deliberation with members of the public, National Treasury recently released its official response to the Parliamentary submissions on their proposed Draft Tax Bills. Among other things, Treasury noted that they would withdraw a controversial amendment that would have been problematic for South African expatriates contemplating emigration.
The current tax filing season is almost at an end. Many taxpayers have submitted their annual return to the South African Revenue Service (“SARS”), while others are scampering to submit their returns before the 23 November 2021 deadline.
Expatriates and those with plans to emigrate will be relieved to learn that the proposal to impose an exit tax on retirement interests will be withdrawn.
National Treasury’s latest published Draft Tax Bills incorporated the contentious additional “exit tax”, which proposed to tax retirement fund interests of individuals when they cease South African tax residency.