NEWS | SOUTH AFRICAN EXPAT TAX 101: WHAT YOU NEED TO KNOW AS AN EMPLOYER
/in 2020, Latest News/by Tax Consulting South AfricaNEWS | TEMPLE GROUP (MAURITIUS) UPDATES ON THE IMMINENT FISCAL REFORMS IN SA
/in 2020, Latest News/by Tax Consulting South AfricaCelebrating 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
/in 2020, Latest News/by Tax Consulting South AfricaHaving 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?
/in 2020, Latest News/by Tax Consulting South AfricaAt 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
/in 2020, Latest News/by Tax Consulting South AfricaThe 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
/in 2020, Latest News, News & Articles/by Tax Consulting South AfricaSouth 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 2020, Latest News, News & Articles/by Tax Consulting South AfricaIn 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 […]
NEWS | THE STATE NEEDS WEALTH TO ESTABLISH A SOVEREIGN WEALTH FUND
/in 2020, Latest News, News & Articles/by Tax Consulting South AfricaThe notion of creating a sovereign wealth fund for South Africa is a contradiction in terms. Jean du Toit, senior admitted attorneys at Tax Consulting SA, says this would imply that we do have surplus funds.
NEWS | ROGUE TAX PRACTITIONER OR ACCOUNTANT AND KEEPING THEM HONEST
/in 2020, Latest News, News & Articles/by Tax Consulting South AfricaThe filing of tax returns has evolved from manually submitting your returns to everything being done on the e-filing platform. Taxpayers are in some instances forced by SARS to use the e-filing process and this is Constitutionally allowed and administratively fair, as SARS is obligated under law to operate efficiently as possible.