A Letter to the Taxman: Breaking Tax Ties
As South Africans embark on a journey beyond our borders, the need to inform the South African Revenue Service (“SARS”) about one’s emigration is crucial for peace of mind.
Non-Residency and Assets – What You Need to Know
Taking the leap and ceasing your tax residency is a big step for many South Africans, who are already under the strains of their physical move abroad. This stress often leaves one in a period of limbo wondering about their assets and what happens to these hard-earned investments, properties, policies and portfolios, to name a […]
Navigating Financial Emigration: A Tax-Centric Approach for High-Net-Worth South Africans Abroad
In the shimmering tapestry of expatriate life, High-Net-Worth South Africans find themselves crafting stories of success on foreign soils. Amidst the allure of international opportunities, an often overlooked chapter in their expatriate journey involves the intricate dance with tax implications rather than the broader theme of emigration.
CIPC’s System Upgrades – Constructive Or Prohibitive?
As 2023 draws to a close, the Companies and Intellectual Property Commission decided to give taxpayers something new to learn over the festive break! Throughout 2023 the CIPC, together with SARS, implemented a number of changes, including Beneficial Ownership Registers, and Foreign Director Verification; December however saw the launch of CIPC’s new and improved system […]
Are you a SARS Third-Party Appointment casualty? – here’s how you can reclaim your wealth in the War on Non-Compliance
In a country where the tax authority, SARS, holds the power to issue third-party appointments, non-compliant taxpayers risk losing more than just sleep.