New Banking and Tax Rules Impact Receiving and Remittance of Rental Income for Foreign Property Owners in South Africa
Foreign nationals who own fixed property in South Africa and derive rental income from it, are increasingly facing new compliance hurdles when accessing or transferring those funds. Recent feedback from multiple South African banks indicates the tightening of access to non-resident bank accounts where additional tax compliance requirements are not met, which could leave foreign […]
SARS Ends Trust Leniency: Enforcement Action Now Underway
The South African Revenue Service’s (SARS) long-standing period of leniency for trusts has come to an and. On Monday, 9 February 2026, SARS communicated that it has issued final demands to trusts who did not submit an annual tax return for the 2024 and 2025 years of assessment and warned recipients in no uncertain terms […]
Could Starlink and the Like Shape the VAT Debate in the 2026 Budget and Beyond?
With the 2026 Budget Speech set for 25 February, one issue is all but guaranteed to resurface: VAT.
Trusts Firmly on SARS’ Enforcement Radar: Final Letters of Demand Now in Play
South African trusts and trustees are entering a far more unforgiving tax enforcement environment. The South African Revenue Service (SARS) has shifted from a lenient approach to a more formalised and assertive regime of administrative non‑compliance penalties under the Tax Administration Act No. 28 of 2011 (TAA).
R523 Billion and Counting: SARS Collection Inevitable
South Africa’s tax system is sending a message that cannot be ignored. SARS have confirmed the figures as at December 2025, recording an undisputed tax debt book in the region of R523 billion. This is not estimated revenue, nor is it tax under dispute. It is money that SARS accepts is legally due, final and […]