NEWS | DISASTER MANAGEMENT TAX RELIEF EXPANDED
Following the publication on 29 March 2020 of the explanatory notes on the proposed COVID-19 tax relief, National Treasury expanded the relief with publication of the draft bills.
NEWS | COVID-19 TAX RELIEF – GOOD INTENTIONS WITH BAD RESULTS?
Following President Cyril Ramaphosa’s announcement of fiscal relief for certain taxpayers, in light of other measures imposed to combat the COVID-19 crisis, National Treasury published explanatory notes on 29 March 2020, which outline exactly how the tax system will be used to ease financial distress during these times.
NEWS | TEMPLE GROUP (MAURITIUS) UPDATES ON THE IMMINENT FISCAL REFORMS IN SA
Celebrating the launch of its regional office on the west coast of Mauritius, Temple Group conducted a workshop on the 2020 Tax Reforms in SA, emphasising the reforms announced in the recent budget speech, and the importance of choosing the correct processes for relocating oneself or a company outside of SA.
NEWS | SOUTH AFRICAN ROTATIONAL WORKERS IN AFRICA AND MIDDLE EAST – NO SARS MERCY
Having just returned from visiting South Africans in remote locations in the Democratic Republic of Congo, Zambia, Oman, Qatar, Saudi Arabia and the UAE, one gains an appreciation for expatriates living in these locations.
NEWS | SARS PROSECUTION UPDATE – ARE WE ON THE RIGHT TRACK?
At the 2019 Tax Indaba, the Commissioner for SARS declared that non-compliant taxpayers will no longer be allowed to operate unchecked and can expect to face criminal prosecution. At the time, some may have scoffed at the Commissioner’s promise, but recent developments may force his detractors to re-evaluate the situation.
NEWS | IT’S REAL CHANGE TAXPAYERS NEED, NOT JUST PROMISES – THE BUDGET SPEECH 2020
The spirited Budget Speech given by Minister Tito Mboweni this Wednesday may have given many taxpayers a sense of cold comfort in an otherwise tumultuous economic conditions in South Africa.
NEWS | NATIONAL TREASURY TAKES A VIEW ON FINANCIAL EMIGRATION
South Africa Bleeding Skills Not surprisingly, there has been an outflow of South Africans in recent years for various reasons, a top reason being the punitive “expat tax” regime promulgated in December 2017, and effective 1 March 2020.
NEWS | BUDGET SPEECH 2020 – GOVERNMENT LAST DITCH ATTEMPT DUE TO EXODUS OF SOUTH AFRICANS
In December 2017, the change to the foreign employment income exemption was promulgated into law. This has widely become known as the “expat tax”. The exemption at that point was capped at R1mil, meaning that South African tax residents earning foreign employment income above this threshold would no longer be exempt from tax in South […]