NEWS | SARS REIMAGINED – TAX DODGERS TAKE NOTE
On 1 February 2020, SARS released an exciting media statement, indicating that the revenue authority has embarked on a journey to reinvent SARS. With the power of technology and with the right people, SARS hopes to build an organisation that will provide a world-class service to the compliant taxpayer, but one that will be equally […]
NEWS | SOUTH AFRICAN SEAFARERS AND YACHTIES: KNOW YOUR TAX OBLIGATIONS
As most know by now, SARS is grappling to increase revenue for their coffers, looking to South Africans who earn foreign income to subsidise the deficit. With all the uncertainty around the change in the foreign employment income exemption, which is coming into effect as of 1 March 2020, more and more people are wanting […]
NEWS | THE FISCUS NEEDS MONEY – WHAT TO EXPECT IN THE UPCOMING BUDGET?
On 15 January 2020, President Cyril Ramaphosa signed into law five different revenue related bills. These bills, which have now been promulgated include the Taxation Laws Amendment Act No. 34 of 2019, the Tax Administration Laws Amendment Act No. 33 of 2019 and the Rates and Monetary Amounts and Amendment of Revenue Laws Act No. […]
NEWS | DIRE NEED FOR ECONOMIC GROWTH TO STIMULATE REVENUE COLLECTIONS
The World Bank has slashed South Africa’s economic growth forecast for 2020 from 1.5% to a mere 0.9%. This, while the country is faced with a revenue shortfall of anything between R50bn and R100bn for the tax year ending March.
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.