Is The New Exit Tax Constitutional?
The 2021 Draft Tax Bills published proposed the introduction of a tax on the retirement interests of those who cease their South African Tax Residency. It means a new section will be inserted in the Income Tax Act that would take effect from 1 March 2022. The new Exit Tax may very well lead to […]
The Future Of Tax Collection In South Africa – SARS To Enter The “Tech-Age”
It has long been on the cards that the South African Revenue Service (“SARS”) should upgrade their systems and modernise the fact of tax in South Africa. This would enable the easier facilitation of compliance for the country’s growing tax base.
Tax Bills Propose Additional Exit Tax Under New Section 9HC
When ceasing their South African tax residency, taxpayers are subject to an ‘exit tax’ which forms part of the emigration process.
Is SARS The Monster In The Closet We’ve Been Warned About?
Most taxpayers find themselves on edge when submitting their returns for the current tax filing season. The reason for the underlying tension could have a lot to do with how they perceive SARS.
Tax Court Confirms Auditor’s Advice Is Not “Get-Out-Of-Jail-Free” Card
The Tax Court has again confirmed that there is no safety for taxpayers in relying on their auditor’s views to justify a tax position adopted.