‘Back to the Drawing Board’: Key Stakeholders Urge Treasury to Rethink Foreign Pension Tax Proposal
Cross-border tax experts, pension fund administrators and foreign retirees in South Africa, have called on National Treasury to reassess the proposed removal of the foreign pension tax exemption. They warn it could trigger socio-economic fallout and deter individuals from relocating or returning to South Africa after years abroad.
SARS Set to Finally Draw the Line on Persistent Trust Non-Compliance
The South African Revenue Service’s (SARS) longstanding tolerance of delayed or omitted trust submissions may soon come to an end, with administrative penalties and increased oversight on the horizon. The South African Institute of Chartered Accountants (SAICA) formally reported to members that SARS advised of its intention to start levying administrative non-compliance penalties on the […]
2025 Trust Filing Season: The IT3(t) Question That Could Cost Trustees – and Catch Beneficiaries
The 2025 trust filing season (20 September 2025 to 19 January 2026) opened against a new backdrop: the updated trust income tax return (ITR12T) now includes compliance questions that change how trusts disclose income and beneficiaries to the South African Revenue Service (SARS).
Voluntary Disclosure Programme: A Last Chance for Crypto Traders Before the 2026 Crackdown?
SARS are leveraging their powers under the Tax Administration Act, which provides for instances in which the Directors, Public Officers, or other representative taxpayers, can be held personally liable for a company’s tax debt!
SARS Targets Prominent Persons for their Company’s Tax Debts
SARS are leveraging their powers under the Tax Administration Act, which provides for instances in which the Directors, Public Officers, or other representative taxpayers, can be held personally liable for a company’s tax debt!