For decades, the affluent South African has searched for ways to preserve their wealth, in such a way as to ensure their descendants do not have to start from the bottom as they did. This has in most instances, lead South Africans to explore offshore investment and insurance options, including the creation of offshore Trusts […]
Many South African (SA) expats already recognize that the Notice of Non-Resident Tax Status Letter (the letter) is their golden ticket to confirming their cessation of tax residency. A Tax Residence Certificate (TRC) from one’s new country of residence provides substantial evidence that one is now resident for tax purposes in their new country, aiding […]
Reparative measures may have been taken to remedy the Companies and Intellectual Property Commission hack which reportedly took place on 29 February 2024 however this information breach may have long-lasting and detrimental effects!
Dispelling accusations of any revenue collector can feel like the fight of your life, especially where you are factually not on the wrong side of the law! Amongst these collectors, SARS stands firm as one of the most strategic movers, turning the fight into an all-out war, the War on Non-Compliance!
Transfer Pricing – the most pertinent international tax and compliance consideration for Multi-National Enterprises wishing to progress in the ever-evolving global economy. Whether setting up your first subsidiary in a foreign country, or adding your 20th to an already robust and successful group structure, one thing is clear; fall foul of the “arm’s length principle” […]
In recent months, an unprecedented wave of South Africans has been making their way to the Netherlands, marking a significant shift in migration patterns. This sudden surge is not a mere coincidence but is driven by a combination of factors that render the Netherlands an increasingly attractive destination for South African expatriates. The Netherlands has […]
On 27 February 2024, Tax Consulting hosted the 20th session on the Budget 2024/25 update. These sessions equip the attendees with the “consequences” of the budget for tax practitioners, accountants, payroll professionals and other professionals, who are tasked with practical implications of the announcements made. By demand, the same session will be held next week.
In the ever-evolving tax landscape and public domain, one name strikes fear into the heart of non-compliant taxpayers, and confidence for the law-abiding residents of South Africa: Commissioner Edward Kieswetter!
The Tax Diagnostic process entails a non-invasive review of a taxpayers eFiling profile, through investigating the records held by SARS. This information is then compared with the taxpayer’s unique circumstance to determine if there are any discrepancies between the SARS records and current circumstance.
There is a clear effort by National Treasury to each year share more detailed information with the market, to support the budget decisions. This should be applauded on the one hand, as at least South Africa has a degree of fiscal transparency.