Budget Speech 2019 - Illicit Economy Unit

Budget Speech 2019: Illicit Economy Unit

Reports released in November 2018 indicate that 1 of 3 cigarettes sold in South Africa is illegal. The cost of illegal cigarettes is about R50-60 per carton while legal cigarettes are sold locally in South Africa for R250 per carton. Consumption of illegal tobacco keeps increasing due to the higher selling price of legal cigarettes.

Budget Speeck 2019 - Renewable Energy And Carbon Tax - Key To Eskom's Salvation?

Budget Speech 2019 : Renewable Energy and Carbon Tax – Key to Eskom’s Salvation?

As global warming is increasing rapidly, the world has turned to renewable energy to try and decrease our carbon use and harmful gasses. Global warming might not have been the only reason for South Africa to consider renewable energy- as this topic comes to light with the current Eskom crisis.

Budget Speech 2019 - OECD's Common Reporting Standards Leaves No Place To Hide

Budget Speech 2019 – OECD’s Common Reporting Standard – Nowhere To Hide

National Budget Speech – OECD’s Common Reporting Standard – Nowhere To Hide The Budget Speech is just one of the times where a tax attorney shows their worth. Instead of just reviewing the headlines, a tax attorney should be delving into the budget proposals, current policies and policy adjustments. The need for an in-depth review […]

SARA Annual Tax Update – March 2019

National Treasury Opens Door For More Discussion on Expat Tax

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

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 […]