SARS Eager To Employ Inexperienced Youth To Assist Confused Taxpayers
The South African Revenue Service (“SARS”) recently expressed its intentions to dive into its recruitment drive with renewed vigour. First on the block, is the employment of 250 young South Africans. This presents a grave concern for expats working, or planning to work, abroad.
Professional Negligence: Is Your Tax Consultant Acting In Your Best Interest?
Tax practitioners and accountants are tasked with delivering an extremely technical service for clients, while trying to minimise their exposure to unnecessary taxation and protecting their legal interests.
2021 Tax Proposals Signed Into Law – 5 Key Changes
The President has given effect to the 2021 tax proposals by signing three tax Acts into law. On 14 January 2022, the President gave his assent to the Rates and Monetary Amounts and Amendment of Revenue Laws Act No. 19 of 2021 (“Rates Act”), the Taxation Laws Amendment Act No. 20 of 2021 (“TLAA”) and […]
Non-Compliant Property Practitioners to soon be Practicing on Rented Time
Property Practitioners, including Estate Agents, Candidate Estate Agents, and Property Managing Agents (“the Agents”), have for years been regulated by the Estate Agency Affairs Act, 112 of 1976 (“EAA”). However, this is soon to change with the enactment of the Property Practitioners Act, 22 of 2019 (“the Act”), signed into law by President Cyril Ramaphosa, […]
Withdrawal Of Exit Tax Confirmed As President Signs Tax Bills Into Law
The President has given effect to the 2021 tax proposals by signing the relevant tax Acts into law. With the promulgation of the Taxation Laws Amendment Act No. 20 of 2021 (“TLAA”), Government’s promise to scrap the exit tax on retirement interests has been confirmed, at least for now.