The tax implications of a restraint of trade payment The law around restraint of trade payments has been made very clear with regard to how these amounts ought to be taxed. Historically, taxpayers endeavoured to structure receipts as restraint payments for tax reasons, as these amounts are capital in nature and thus not subject to […]
With Covid-19, many taxpayers are looking to claim home office expenses. This tax claim is, however, subject to quite complex law which only allows claims in very limited instances.
While the country was under lockdown, it appears SARS and National Treasury have been hard at work, using this time to refine the law in SARS’ favour.
The United Arab Emirates will extend its “golden” visa system – which grants 10-year residency in the Gulf state – to certain professionals, specialised degree-holders and others, the UAE’s vice president said on Sunday.
“There’s only one remuneration model employers should be considering during COVID-19,” says Tanya Tosen, Tax and Remuneration Specialist at Tax Consulting South Africa.
On 13 October 2020, National Treasury and SARS published their responses on the Draft Taxation Laws Amendment Bill (“TLAB”), which included potential relief for South African expatriates who were unable to leave South Africa owing to the Covid-19 lockdown.
The War Room In these uncertain times, many taxpayers do not have the financial means to settle large debts owed to the South African Revenue Service (“SARS”), between the business restrictions imposed by the spread of COVID-19 and the resultant decline of the South African economy, a large number of small to medium enterprises (“SMEs”), […]
South Africans who have emigrated or plan to permanently leave South Africa have until 28 February 2021, to effect Financial Emigration in its current form, or be faced with a more stringent process.
When engaging in disputes with the taxman, there are many rules you need to be aware of, but the decision in CSARS v The Executor of the Estate of Late Ndlovu (A395/2016) arguably tells the most important. This decision by a full bench of the Pretoria High Court reveals how high the stakes are when […]
The protracted lockdown in South Africa resulted in the Department of Home Affairs (“DHA”) offering limited emergency services. South African citizens and permanent residents seeking Civic Services such as unabridged birth and marriage certificates were left frustrated as existing applications were indefinitely delayed.