NEWS | SHIFTING THE GOALPOSTS FOR SOUTH AFRICANS ABROAD – LEGISLATIVE CHANGES TO RETIREMENT WITHDRAWALS
Government Holding on to South Africans’ Retirement Funds National Treasury published the Draft Tax Law Amendment Bill (“TLAB”) on 31 July 2020, with its accompanying Explanatory Memorandum.
NEWS | HOW TO CHOOSE A TAX PRACTITIONER: ASK THESE QUESTIONS
Your friends and family may have advised you to hire a tax practitioner to make sure you remain tax compliant. But how do you choose the right one for you? Vetting a tax practitioner requires asking the right questions and being aware of the kind of service you ought to expect. We asked some tax […]
NEWS | FOUR THINGS SOUTH AFRICAN TAXPAYERS SHOULD KNOW AHEAD OF THE AUGUST DEADLINE
The first period for provisional tax ends on 31st August. Provisional taxpayers must therefore have submitted their initial IRP6 return and settled any payments due by that date.
NEWS | NAMED AND SHAMED BY SARS: A POSSIBLE DETERRENT?
The South African Revenue Service (SARS) has undertaken to make the filing of annual tax returns for the 2020 filing season as seamless as possible for individuals who diligently fulfil their tax obligations.
NEWS | NEW TAX BILLS – A STEP CLOSER TO RETIREMENT REFORM IN SA AND IMMEDIATE 3-YEAR LOCKUP
The draft Taxation Laws Amendment Bill (“TLAB”) was published on 31 July 2020. As announced in the Budget Speech, any South African leaving in future will be subject to a much stricter process from 1 March 2021 onwards. But there was also a surprise 3-year lockup announcement for anyone with a South African pension fund, […]