NEWS | TAX OMBUD REPORT RAISES QUESTIONS ON EFFECTIVE USE OF SARS RESOURCES
On 23 June 2020, Judge Bernard Ngoepe released the Tax Ombud’s long-awaited second report on the investigation on systemic issues at SARS. The report, which is probably the Ombud’s best to date, will be immensely insightful to the SARS Commissioner, but equally concerning. Informed by a massive amount of data, the report reveals just how […]
NEWS | ECONOMIC CONTRACTION WILL SEE UNEMPLOYMENT SKY-ROCKET
Finance Minister Tito Mboweni’s announcement of a tax revenue shortfall of R300bn in his Supplementary Budget Speech may be too optimistic.
NEWS | OPPORTUNE TIME FOR SOUTH AFRICANS TO EMIGRATE TO MAURITIUS
The Mauritian government implemented several incentives that make Mauritius an attractive option for foreigners to live, work and invest in. Tarissa Wareley, an Immigration Specialist at Xpatweb, says that besides cutting the minimum investment needed for an occupation permit (OP) as INVESTOR, to half. The government also relaxed other entry requirements that make it easy […]
NEWS | THIS YEAR, SARS MAY ‘AUTO-ASSESS’ YOUR TAX RETURN: HERE’S WHAT YOU NEED TO KNOW
This year, the SA Revenue Service says it will assess “a significant number” of taxpayers automatically. This means that it will complete your return with all the information it received for you – gathered from your employer, bank, medical scheme, retirement annuity administrator and other companies – and send you an assessment. If you accept […]
NEWS | RETIREMENT AND RISK BENEFITS: MOST COSTLY MISTAKES
Since the inception of the retirement reform on the 1 March 2016, many employers maintained their payroll configuration appertaining to retirement and risk benefits and the tax treatment thereof or minor modifications thereof.