NEWS | BY THE NUMBERS: EXPAT TAX THROUGH THE LENS OF EXPERTISE
On the minds of many South African expatriates are the options which are available to them for tax relief in South Africa, given the many changes made to the tax laws in South Africa.
NEWS | EMIGRATING AT 55 PLUS? YOU STILL PAY TAX AND YOU’LL WAIT FOR YOUR RA
If you’re 55 plus and have emigrated or are intending to emigrate, you’ll still have to submit annual returns to the South African Revenue Service (SARS) and pay tax on your worldwide income for the rest of your life.
NEWS | WEALTHY TAXPAYERS WITH OFFSHORE HOLDINGS IN THE SPOTLIGHT WHILE LEAVING THEIR TAX ADVISORS IN THE DARK
SARS shines the torch on wealthy individuals One of the biggest highlights of this year’s budget speech revealed SARS’ latest ammunition.
NEWS | CATCH AND RELEASE: REDUCING DIVIDENDS WITHHOLDING TAX UNDER A DOUBLE TAX AGREEMENT
Less is more, which could not ring truer than when it comes to withholding taxes. This is especially the case in respect of dividends, which are subject to a withholding tax of 20% in South Africa.
NEWS | SARS’ RECRUITMENT STRATEGY RAISES SERIOUS QUESTIONS
SARS’ recruitment drive has provided some insight into the state of affairs at the organisation. With applications now closed, SARS released the details around the roughly 88,000 applications it received, and the numbers paint an unsettling picture.
NEWS | SARS KEEPS TABS ON SOUTH AFRICA’S BRAIN DRAIN
South Africa has experienced a large brain drain over the past few years with many skilled South Africans emigrating. However leaving South Africa doesn’t mean you can forget your relationship with SARS.
NEWS | SARS ATTACK ON SOUTH AFRICAN TAXPAYERS ABROAD
Introduction of Automatic Exchange of Information The South African Revenue Service (SARS) has discovered R400bn in offshore holdings owned by South Africans and is on the rampage to collect all taxes that it is owed on these assets.
NEWS | EXPATS CAN CASH IN RETIREMENT ANNUITIES TO HEDGE AGAINST VOLATILE RAND
South Africans living abroad who have not yet financially emigrated and cashed in their retirement annuity savings are concerned about the volatile rand exchange rate.
NEWS | WHAT EMIGRATING TAXPAYERS NEED TO KNOW IN 2021
South Africans emigrating to greener pastures may be prevented from leaving the country – or worse – if their application for tax clearance is denied by SARS.
NEWS | SARS SIGNS HEAVY HITTER TO JOIN ITS RANKS
It is no secret that wealthy South Africans are the focal point in SARS’ efforts to close the tax gap. SARS has progressively implemented specific steps in pursuing this objective, including the use of information from other jurisdictions, third party data and the promise of lifestyle audits. But the latest and probably the most insightful […]