A long period of silence on cryptocurrency regulation in South Africa has finally been broken. South African Reserve Bank (“SARB”) deputy governor, Kuben Naidoo, has now confirmed that new regulations are set to be implemented within the next 12 – 18 months.
Since its inception in 2009, there have been many misconceptions about crypto assets, often referred to as cryptocurrencies. These confusions have cost eager investors millions of Rands and have subsequently been addressed or explained on numerous media platforms.
Already a popular destination with South Africans, recent developments in Mauritius promise to make this tiny island paradise more accessible to expatriates than ever.
In view of July being just around the corner, and with it, the opening of the 2022 tax season, there is an increasing need for voluntary compliance throughout the taxpayer population. This is even more imperative for taxpayers who have income-generating assets, as should taxpayers have failed to declare any income in prior years, and […]
Last year’s Budget Speech announced that the South African Revenue Service (“SARS”) are to set up a specialised High Wealth Individuals’ Unit, now commonly known as the HWI Unit.
The 2022 tax filing season is now already open, and SARS has introduced a new “auto-assessment” protocol.
We are a South African non-profit organisation looking to appoint a South African citizen in a European country on an employment contract. What would the tax implications be, and do we need to apply for approvals if we proceed?
Although SARS has issued many press statements around Tax Filing Season starting on 01 July 2022, and it has been shared many times in the media, it is worth noting a few pro-active steps made by the revenue authority this tax season which instills faith in the Kieswietter regime.
To be released from their local tax obligations in relation to foreign income, emigrating South Africans must be able to prove to SARS that they have permanently left the country. But how can they do so if they are moving to a country, like the UAE in general, where long-term residence (for immigration purposes) is […]
With COVID-19 variants becoming relatively less disruptive and economies tentatively reopening, international worker assignments promise to increase over the coming years.