Gavel and legal books symbolizing SARS tax residency and legal processes

Beyond Textbooks: The Tax Lessons You Only Learn on the Job

The South African Revenue Service (SARS)’ proposed Value-Added Tax (VAT) Modernisation Project is geared to combat challenges faced by traders, businesses, and SARS, including compliance inefficiencies, the risk of errors, and tax evasion. Phase 1 will entail inserting key definitions into the VAT Act, including “e-credit note”, “e-debit note” and “interoperability framework”.

A wooden gavel next to a brass scale, symbolizing justice and legal matters, with a focus on the Tax Amendment Bill's legal implications and penalties.

National Treasury’s Tax Amendment Bills Puts “Bona Fide Inadvertent Error” on the Chopping Block

The South African Revenue Service (SARS)’ proposed Value-Added Tax (VAT) Modernisation Project is geared to combat challenges faced by traders, businesses, and SARS, including compliance inefficiencies, the risk of errors, and tax evasion. Phase 1 will entail inserting key definitions into the VAT Act, including “e-credit note”, “e-debit note” and “interoperability framework”.

A sailing boat on clear blue waters, symbolizing seafarer tax exemptions and offshore employment.

Navigating the Tides of Taxation: Increased Scrutiny on Seafarer Exemptions

For many taxpayers, especially expatriates, managing South African tax obligations from a distance can be complicated. Years may pass without any direct interaction with the South African Revenue Service (SARS), and key details like contact information, banking details, and tax number status often become outdated.

Bitcoin coins with a trading chart, symbolizing Crypto-Asset Reporting and market trends.

SARS Holds Crypto-Traders to Account per the “International Tax Standard”

For many taxpayers, especially expatriates, managing South African tax obligations from a distance can be complicated. Years may pass without any direct interaction with the South African Revenue Service (SARS), and key details like contact information, banking details, and tax number status often become outdated.

SARS’ New Segment to Target Non-Compliant Social Influencers and the Gig Economy!

The South African Revenue Service (SARS)’ proposed Value-Added Tax (VAT) Modernisation Project is geared to combat challenges faced by traders, businesses, and SARS, including compliance inefficiencies, the risk of errors, and tax evasion. Phase 1 will entail inserting key definitions into the VAT Act, including “e-credit note”, “e-debit note” and “interoperability framework”.