At the end of October 2025, the South African Reserve Bank (SARB) introduced material changes to the processing of cross-border income transfers. While intended to reinforce compliance and enhance alignment between SARB and the South African Revenue Service (SARS), these measures mean that no South African-sourced income may be remitted abroad until SARS has verified […]
The South African Revenue Services’ (SARS) provisional sequestration of Mr Roy Muleya, sole director of a company with a tax liability of about R155 million, underscores the serious consequences of tax non-compliance, as confirmed by the North Gauteng High Court on 29 October 2025.
The proposed removal of the tax exemption on foreign retirement funds for South African tax residents could have far-reaching negative consequences, including deterring wealthy foreigners and expatriates from choosing South Africa as a retirement destination, discouraging return migration, and scare off global investors from starting businesses in South Africa.