NEWS | ROTATIONAL WORKERS AND PROVISIONAL TAXES – EVERYTHING YOU NEED TO KNOW
As 28 February 2021 looms near on the horizon, so too does the deadline for the second provisional tax submissions for 2021.
NEWS | PRESIDENT RAMAPHOSA SIGNS 3 YEAR RETIREMENT FUND LOCK-IN INTO LAW
The President, on 15 January 2021, assented to the Taxation Laws Amendment Act No. 23 of 2020 (“TLAA”), which was subsequently promulgated on 20 January 2021.
NEWS | RELIEF FOR EXPATS CONFIRMED WITH PROMULGATION OF TAX LEGISLATION
South African expatriates have been kept in suspense regarding a proposed law change aimed at providing relief to those who could not leave the country under lockdown.
NEWS | TOP 5 PAYE ERRORS THAT COULD COST YOU DEARLY WITH SARS
With COVID-19 burdening the economy and SARS seeking to increase its revenues however it can, organisations with misconceptions about how certain payroll elements should be taxed may unknowingly be exposing themselves financially.
NEWS | 2020 TAX PROPOSALS SIGNED INTO LAW – 10 KEY CHANGES
The President has given effect to the 2020 tax proposals by signing three tax Acts into law. On 15 January 2021, the President gave his assent to the Rates and Monetary Amounts and Amendment of Revenue Laws Act No. 22 of 2020 (“Rates Act”), the Taxation Laws Amendment Act No. 23 of 2020 (“TLAA”) and […]
NEWS | SOUTH AFRICA’S SHRINKING TAX BASE PILES PRESSURE ON SARS
Over the course of lockdown, pundits have shared some harrowing statistics regarding the increase in unemployment in South Africa. In general, our unemployment rates are moving in the wrong direction and the affected households have suffered great hardship as a result, but it is important to understand what this means for our tax base and […]
NEWS | LAST CHANCE FOR SA EXPATRIATES TO COME CLEAN WITH SARS
South Africans living or working abroad can no longer avoid the long arm of SARS. Under pressure to meet its revenue quotas, the tax authority has started auditing the country’s non-compliant expatriates in earnest.
NEWS | SARS IS AWARE OF YOUR OFFSHORE ASSETS
The days where SARS shuts its eyes to taxpayers’ offshore holdings are thing of the past. SARS is finally utilising the Automatic Exchange of Information regime to pin down taxpayers who have not disclosed their offshore interests and numerous taxpayers have already received some alarming notices to this effect.
NEWS | MARCH 2021 A WATERSHED FOR RETIREMENT FUNDS IN SOUTH AFRICA: 5 THINGS YOU NEED TO KNOW
1 March 2021 marks a watershed for retirement funds in South Africa, says Jean du Toit, attorney and head of tax technical at Tax Consulting South Africa.
NEWS | SUCCESSFULLY NAVIGATING IMPORTANT SOUTH AFRICAN GOVERNMENT DOCUMENT RENEWALS WHILE LIVING ABROAD
As a South Africa working and living abroad, there is nothing more frustrating than incessant delays on applications for new and/or renewals of South African Government-issued documentation (referred to as “Civic services”).