Understanding South Africa’s Exit Tax and the Proposed Tax on Retirement Interests
A misunderstanding of certain sections in the Income Tax Act has many South Africans who moved abroad and ceased tax residency, worried that they will also be liable to pay Capital Gains Tax (CGT) on the withdrawal of their retirement funds, in addition to the tax levied as per SARS’ Tax Tables.
New VAT Rules for Digital Services in South Africa: What Businesses Need to Know
On 14 March 2025, South Africa published a significant amendment to its VAT regulations on electronic services, set to take effect on 1 April 2025. This revision impacts foreign non-resident suppliers and local businesses relying on cross-border digital services. Notably, the amendment alters the definition of “electronic services” to exclude certain business-to-business (B2B) transactions from […]
Don’t be misled: No waiting period for SA expats who want to cease tax residency
Many South African expatriates have unknowingly missed out on paying lower taxes in South Africa for years while living abroad, due to confusing or misguided advice that they must reside outside the country for a number of years before officially ceasing tax residency in South Africa.
Will Your Salary Increase Actually Leave You Worse Off?
Who wouldn’t love a salary increase of over 5% this year? Most employees would be happy with a raise that keeps up with inflation. But in 2025, even an inflation-related increase might not be enough to keep up with the rising cost of living as the taxman is taking a bigger bite out of your […]
Mining Giant Loses R17.5M Input VAT Battle Over ‘Entertainment Expenses’
A recent Supreme Court of Appeal (SCA) ruling should deliver a stark warning to businesses claiming input VAT deductions without a watertight legal foundation. In Aveng Mining Shafts & Underground v CSARS (1192/2023) [2025] ZASCA 20, the SCA sided with SARS, disallowing almost R17.5 million in VAT input claims for employee accommodation and food expenses.