The Isle of Man hosts 800 South Africans – boasting as popular relocation destination
Tax Consulting South Africa and Xpatweb visited the Isle of Man over the weekend of 23 September for the first Saffas festival, where over 800 South Africans living and working on the Island were hosted.
SARS Targets Representative Taxpayers for Company Tax Debts
With the corporate tax collection deficit announced in September 2023, SARS is dead set on filling at least this fiscal pothole.
SARS open to engage with remote workers and tax advisors
The draft tax law amendment published in August and targeting foreign employers has inadvertently led to an uproar amongst South African remote workers who fear the law change may disincentivize foreign employers from retaining the services of South African talent.
The 3 year lock up rule misconception – What South Africans abroad need to know
Expatriates are often under the impression that they need to wait three years before they can formalise their non-residency status. This can be due to various reasons such as misunderstanding the legislative amendments, advisors wanting to monetize on the withdrawal of these retirement funds and the subsequent remittance offshore or lack of professional guidance.
Surviving SARS Tax Debt Collections in a No Growth Environment
SARS Debt Collections have been making news headlines for months now where collections have either exceeded projections by millions or are being lost out on by the billions. This is due to various reasons, including “proliferation of syndicated crime”, according to Commissioner Kieswetter on one side, or successful aggressive collections on the other.