Author Archive for: Tax Consulting South Africa
Entries by Tax Consulting South Africa
National Treasury opens door for more discussions on expat tax
National Treasury has invited key stakeholders to a workshop early next month to address continued concerns around the amended foreign income tax exemption.
Provisional Tax 101: What You Need To Know
With the 2018 tax filing season having come and gone, several taxpayers got in contact with us after receiving a nasty surprise on their income tax assessment.
Tax Residency and Financial Emigration: Everyone is an Expert
Financial Emigration Ceases Tax and Exchange Control Residency The process of “Financial Emigration” terminates your tax residency status with the South African Revenue Service (“SARS”) as well as your status as exchange control resident with the South African Reserve Bank (“SARB”). The SARS process includes a verification or “audit” procedure, as financial emigration is not […]
Employee tax incentive extension – opportunities and concerns
The Taxation Laws Amendment Act No. 23 of 2018, promulgated on 17 January 2019, extended the Employee Tax Incentive scheme (“ETI scheme”), which would have lapsed on 28 February 2019, for a further 10 years.