SARS Tracking Flights As Part Of Stricter Non-Resident Verification Process
Expatriate taxpayers awaiting approval of their non-resident status may be surprised to discover that SARS can track their flights into and out of South Africa.
Author Archive for: Tax Consulting South Africa
Entries by Tax Consulting South Africa
Non-Resident Tax Status Reversed? Read This Before Reapplying To SARS
SARS introduced its Tax Non-Resident Confirmation letter in 2021, and it now appears that emigrated taxpayers, whose residency status was previously disclosed to SARS as non-resident, are now finding their status has been reset to ‘resident’. This may possibly have been due to a bug, or one arm not speaking to the other, when SARS […]
Director Of SARS Wealth Unit Predicts Non-Compliance To Be “Hard And Costly”
This past Monday, the South African Institute of Taxation held an industry leading event in collaboration with Tax Consulting SA and Standard Bank, which lifted the veil on SARS’ plans for the taxation of High Wealth Individuals (HWI) in South Africa and the legality of certain offshore structures.
Momentous Wealth Taxation Event Lifts Veil On Offshore Structures
A momentous event, held on 22 August 2022, drew a massive audience, comprising many well-known high net worth VIPs, senior SARS officials and officials from other African Revenue Authorities, tax heads in various capacities, top wealth managers, academics and other notable attendees.
Expats Tax Residency Reset: Is SARS Constantly Shifting Goalposts?
The South African Revenue Service’s (“SARS”) focus on South Africans abroad was first revealed in the 2017 Budget Speech. Their reasons were only revealed in the pursuant Parliamentary debate, where in the Q&A session it was shared that National Treasury and SARS had been keeping a close eye on expatriate tax compliance.
SARS Pours Cold Water On Offshore Tax Gimmicks
The past week was a good week for SARS, and not a good one for promotors of certain offshore financial products. SARS issued a very clear Ruling that they will strictly apply the law and sends a clear statement that taxpayers should not fall for fanciful tax benefits promised by certain promotors.
Crypto Tax Support Launches In South Africa With UK Partnership
UK based software company Recap has launched its services in South Africa with a strategic partnership with specialist advisors Crypto Tax Consulting (A company under the Tax Consulting SA umbrella), bringing together Recap’s industry leading crypto tax software and Crypto Tax Consulting’s extensive experience providing assistance to South African taxpayers.
SARS’ High Wealth Individual Unit – Carrot, or Stick?
The last few years have seen an increased compliance drive by the South African Revenue Service (“SARS”), fully backed by the Presidency and the National Prosecuting Authority, and more specifically, clamping down on higher net worth individuals worldwide.
SARS Letter Confirms SA Emigrants’ Non-Tax-Residency Status – If They Can Prove It
With the introduction of a formal SARS Non-Resident Tax Status Confirmation Letter in 2021, South African expatriates may finally relax knowing that their foreign income is safe from local taxation. However, getting one of these is neither automatic nor easy, requiring applicants to follow stringent residency cessation and verification processes to qualify as non-residents for […]
Final Demand – SARS On Your Doorstep
What do you do when SARS sends you a letter of demand for payment or, even worse, takes money directly from your bank account?