SARS Commissioner vs Tax Practitioners: “Do your due diligence”.
During the April 2024 SARS Revenue Results Announcement Media Conference, the SARS Commissioner brought to light concerning observations regarding non-compliance and delinquent behaviour by tax practitioners. By drawing a direct correlation between non-compliant tax practitioners and their “clients [who] are equally delinquent,” his remarks underscored the critical importance for taxpayers to carefully assess the quality […]
SARS Wheels Against Eskom Corruption Turning Slowly, but Days are Numbered
Like all strategic movers, SARS has been biding its time in addressing corruption amidst South African SOEs, taking a few direct, or indirect shots here and there, and like a Grand Master, the Commissioner has made clear his end goal – the complete eradication of non-compliance.
Wealth Preservation and Residence by Investment for South Africans
For decades, the affluent South African has searched for ways to preserve their wealth, in such a way as to ensure their descendants do not have to start from the bottom as they did. This has in most instances, lead South Africans to explore offshore investment and insurance options, including the creation of offshore Trusts […]
Tax Residence Certificates for SA Expats: SARS’ way or the highway
Many South African (SA) expats already recognize that the Notice of Non-Resident Tax Status Letter (the letter) is their golden ticket to confirming their cessation of tax residency. A Tax Residence Certificate (TRC) from one’s new country of residence provides substantial evidence that one is now resident for tax purposes in their new country, aiding […]
Safeguarding your South African Company: Potential Impact of CIPC Information Breach
Reparative measures may have been taken to remedy the Companies and Intellectual Property Commission hack which reportedly took place on 29 February 2024 however this information breach may have long-lasting and detrimental effects!