Zuma’s Tax Records Must Now Be Shared. Here’s What That Means For Taxpayer Secrecy In SA
A court ruling ordering the SA Revenue Service (SARS) to share the tax records of former president Jacob Zuma with the media may herald the start of the rolling back of the tax agency’s long-held policy of absolute taxpayer secrecy, according to adjunct associate professor Deborah Tickle of the University of Cape Town’s (UCT) Tax […]
SARS’ Tax Law Blunder Gives Expats A Quick Breather
Following deliberation with members of the public, National Treasury recently released its official response to the Parliamentary submissions on their proposed Draft Tax Bills. Among other things, Treasury noted that they would withdraw a controversial amendment that would have been problematic for South African expatriates contemplating emigration.
The Close Of The 2021 Filing Season – Don’t Be Caught Off Guard
The current tax filing season is almost at an end. Many taxpayers have submitted their annual return to the South African Revenue Service (“SARS”), while others are scampering to submit their returns before the 23 November 2021 deadline.
Government Withdraws Proposal To Impose Exit Tax On Retirement Interests
Expatriates and those with plans to emigrate will be relieved to learn that the proposal to impose an exit tax on retirement interests will be withdrawn.
SARS And National Treasury Have Gone Quiet On Expats. What’s Brewing?
National Treasury’s latest published Draft Tax Bills incorporated the contentious additional “exit tax”, which proposed to tax retirement fund interests of individuals when they cease South African tax residency.