NEWS | SEAFARERS TO BENEFIT FROM CHANGES TO THE SCHENGEN VISA
Effective from 02 February 2020, various changes to the Schengen Visa will come into effect as approved by the European Commission in June 2019.
NEWS | TAX D-DAY IS HERE: SA EXPATS IN FOR A BUMPY RIDE WITH SARS
South African legislation governing expatriate tax exemption is set to change dramatically from 1st March 2020, affecting South Africans worldwide. This includes anyone who has permanently settled in another country.
NEWS | SOUTH AFRICA’S NEW EXPAT TAX ‘A SCARE TACTIC – EXPERT’
Thousands of South Africans will be impacted by new amendments to the Income Tax Act which will come into effect from 1 March 2020, says Nicolas Botha, a senior financial emigration specialist at Tax Consulting SA.
NEWS | EXPAT TAX: COUNTDOWN TO IMPLEMENTATION KICKS OFF
An amendment to the Income Tax Act will bring considerable change to the expat landscape as from March 1, 2020. Jean du Toit and Jonty Leon are the technical editors of the publication “Expatriate Tax – South African Citizens Working Abroad and Foreigners in South Africa”.
NEWS | AN IMPORTANT DATE WITH THE TAXMAN IS AROUND THE CORNER
The February payment is the most crucial for provisional taxpayers – and don’t assume that you aren’t one. Taxpayers who earn additional income such as rental, trade or interest income have an important date with the taxman at the end of February. It is the time when they have to submit their provisional tax return […]
NEWS | I WOULD LIKE TO EMIGRATE USING MY PROVIDENT FUND. HOW MUCH WILL I BE TAXED?
A Fin24 user planning to use their provident fund to emigrate wants to know whether they will be taxed after the first R22 500.
NEWS | SOME TAXPAYERS ARE MORE EQUAL THAN OTHERS
There is no shortage of reports in the public domain exposing high-profile individuals who are delinquent in their tax affairs, but it appears that SARS is not interested in bringing them to book.
NEWS | SUPREME COURT OF APPEAL CURBS ABUSE OF SECTION 24C
In the recent case of CSARS v Clicks Retailers (Pty) Ltd (58/2019) (2019) ZASCA 187, the Supreme Court of Appeal (“the SCA”) sided with SARS in its interpretation of section 24C of the Income Tax Act, No. 58 of 1962. Contractors and others who avail themselves to this provision should heed the permutations set by […]
NEWS | TREASURY, WE TOLD YOU SO
National Treasury held the annual Annexure C Workshop on 4 and 5 December 2019, where items for inclusion in the 2020 legislative cycle were discussed. (Un)surprisingly, the amendment to the foreign employment exemption was on the agenda, AGAIN.
NEWS | SOUTH AFRICAN TAXPAYERS MUST FAMILIARISE THEMSELVES WITH RELIEF FROM DOUBLE TAXATION
South Africans who are working abroad need to take note of a section in the Income Tax Act that allows them to claim a credit on their South African tax liability from any foreign taxes paid on the same income.