NEWS | CRYPTOCURRENCY A PRIMARY CONCERN FOR TAX AUTHORITIES
There are many South Africans who have made investments into cryptocurrency, and we see all types of traders and investors on a daily basis.
NEWS | THE NEW FINANCIAL EMIGRATION ANNOUNCED BY SARB
Financial emigration is the process used by many South Africans abroad to formalise their non-resident status for both tax and exchange control purposes, and which is set to be amended, as mentioned a year ago in Budget 2020, and come into effect on 1 March 2021.
NEWS | TOP TAX TAKE AWAYS FROM 2021 BUDGET SPEECH
Taxpayers received a welcome message of support from Finance Minister, Tito Mboweni, in delivering his 2021 Budget Speech. In adopting a focus on economic recovery, following an unprecedented year of job losses, the Minister has for a second consecutive year afforded some relief to taxpayers with an above-inflation increase in the personal income tax brackets […]
NEWS | KEEPING YOUR TAX AFFAIRS CLEAN
In our recent newsletter, Tax compliance or jail, we warned that your clients could face penalties or prison sentences for negligent non-compliance with South Africa’s tax legislation.
NEWS | CHANGE COMING IN MARCH COULD HAVE A MAJOR IMPACT ON SOUTH AFRICA’S TAX BASE: ANALYST
The financial emigration law amendment that comes into effect on 1 March could cause a mass exodus of South Africa’s tax base, says Professor Jannie Rossouw, head of Wits Business School.