Budget 2024/25 – Tax Update on 27 February 2024 and Dealing with Incorrect Conclusions
There is a clear effort by National Treasury to each year share more detailed information with the market, to support the budget decisions. This should be applauded on the one hand, as at least South Africa has a degree of fiscal transparency.
South Africa’s Tax Dispute Revolution: A Leap Towards Fairness and Efficiency
In a move set to redefine the landscape of tax dispute resolution in South Africa, National Treasury has unveiled a groundbreaking proposal during the 2024 Budget Speech. The proposal aims to introduce alternative dispute resolution (“ADR”) proceedings at the objection phase of tax disputes. This strategic shift is a promising step in the right direction […]
The 2024 Budget Speech: A Snapshot
Finance Minister, Enoch Godongwana, presented a ‘limp’ budget today in respect of the forthcoming 2024/25 tax year, seeking to maintain government expenditure, notwithstanding revenue collection shortfalls. Amidst a decline in the mining tax revenue windfalls experienced over the last two years, the Minister has sought to collect the default from the already strained individual taxpayer, […]
Meddling in Others’ Affairs: The Department of Home Affairs’ “Tax Policy” Amendment
The Department of Home Affairs’ (the DHA) recent amendments to Immigration Regulations are likely to spark controversy among South African taxpayers, especially expatriates working abroad, who are still diligently fulfilling their South African tax obligations.
Tax Planning for Repatriation: A Non-Resident’s Toolkit to Returning Home
With the euphoria of living abroad wearing off for many South Africans, a growing number of expatriates are drawn back by the allure of a vibrant cultural scene, inviting temperate climate, and favorable exchange rates.