Unforeseen Tax Debt Arising from Crypto Trading; How Did We Arrive Here?
Landing in a position of indebtedness to SARS can be quite a stressful journey on its own, but even more so when you’ve forgotten about your crypto assets.
Offshore Wealth Event Unveils the Way Forward with SARS
The South African tax landscape is ever-evolving, however, the most change has occurred in the last decade from a SARS and regulatory compliance perspective. Whilst the catalyst of new SARS, CIPC and Master Office changes has been South African grey listing; the new in-depth disclosure requirements now required are having a material impact on tax […]
Expats, You’re Using a DTA Across the Border; What About Your Precious Funds?
As of 24 April 2023, the South African Revenue Service (SARS) changed the rules by which taxpayers have to play when it comes to applying for funds to be transferred internationally. If you have not heard by now, SARS’ introduction of a new dynamic application called Approval International Transfer (AIT) is enhanced and involves a […]
A crucial call to action for South African non-resident taxpayers
SA Non-Resident taxpayers need to be aware of their golden ticket to tax-free peace: The Notice of Non-Tax Residency Status Confirmation Letter.
July 2023 Draft Tax Law Amendments in South Africa – 7 Things You NEED to Know
On 31 July 2023, National Treasury released their annual draft tax law amendments, for public comment. Although still at the draft stage, there are some pertinent proposed changes for which the supporting systems have already been implemented i.e., the “Beneficial Ownership Registers”.