Die SAID het ‘n databasis van Suid-Afrikaners se buitelandse besit
Suid-Afrikaners wat geld en bates oorsee skuif, moet in gedagte hou dat die buitelandse finansiële instellings by wie hulle belê, verplig is om die belastingbetaler se beleggingsinligting met die Suid-Afrikaanse Inkomstediens (“SAID”) te deel.
New Study Reveals Concerning Trend Among Tax Professionals
A recent survey conducted by the Professional Partner Network (PPN), a division of Tax Consulting South Africa, revealed an alarming trend in the tax profession.
Voluntary Compliance Encouraged By SARS
In a media statement dated 30 November 2022, the South African Revenue Service (“SARS”) stated that they are encouraging all taxpayers who may be in default on their tax affairs to approach SARS via the Voluntary Disclosure Programme (“VDP”). By coming forward willingly, said taxpayers will receive the help and advice from SARS to expedite […]
SARS’ Sherlock Holmes Approach to Foreign Income
The number of South Africans earning income abroad has continuously been on the rise. The majority percentage of the South African Revenue Service’s (SARS) tax collections have also consistently been from personal income. These two factors combined, in the context of our residency-based tax system, has massively piqued the interest of our revenue service in […]
“SARS Precision Audits” – Taking Aim at The Rich and Joining Their Tax Advisors to Court Papers
The SARS Commissioner, Mr. Kieswetter, appears to be operating on the ethos of actions speak louder than words. He has forewarned that SARS is overhauling and restoring their capacity to take on the big boys and any rogue tax advisors who “sell” aggressive tax advice.