NEWS | VERDICT ON RETIREMENT FUND WITHDRAWAL COMING SOON
The time for South Africans who consider emigrating to learn their fate around their pensions is drawing closer.
NEWS | AN EVER-WIDENING TAX NET – NO REPRIEVE FOR EMIGRATING SOUTH AFRICANS
In 2017, the battle against government’s proposal to amend well established legislation, which provided South African residents living and working abroad an exemption from taxation on their foreign employment income reached a conclusion.
NEWS | WARNING OVER GOVERNMENT’S PLANS TO CHANGE SOUTH AFRICA’S EMIGRATION RULES
A number of tax and financial groups have issued warnings over a new draft bill which will introduce changes for South Africans looking to take their retirement funds out of the country.
NEWS | TAX DEBTS 101: FACTS VS FICTION – WHAT YOU NEED TO KNOW
Received a Final Demand from SARS? Where did this tax debt even come from? Is the notification really from SARS?
NEWS | A LANDMARK VICTORY FOR SARS OVER OBSTRUCTIVE TAXPAYERS
As South Africans, we have borne witness to certain high-profile individuals adopting what is referred to as the “Stalingrad Defence” in litigation, in an effort to postpone their day of reckoning at all costs.
NEWS | SARS MAKES POSITIVE CHANGES TO DISABILITY TAX CLAIMS
On 7 July 2020, SARS issued an updated Confirmation of Diagnosis of Disability form (“ITR-DD”).
NEWS | EXPATS WHO DEREGISTER TO AVOID TAX WILL PAY MORE IN THE END
“Expats who follow shady advice to deregister as taxpayers with SARS will suffer in the long run,” says Jonty Leon, Legal Manager (Expatriate Tax) at Tax Consulting SA.
NEWS | SHIFTING THE GOALPOSTS FOR SOUTH AFRICANS ABROAD – LEGISLATIVE CHANGES TO RETIREMENT WITHDRAWALS
Government Holding on to South Africans’ Retirement Funds National Treasury published the Draft Tax Law Amendment Bill (“TLAB”) on 31 July 2020, with its accompanying Explanatory Memorandum.
NEWS | FOUR THINGS SOUTH AFRICAN TAXPAYERS SHOULD KNOW AHEAD OF THE AUGUST DEADLINE
The first period for provisional tax ends on 31st August. Provisional taxpayers must therefore have submitted their initial IRP6 return and settled any payments due by that date.
NEWS | NAMED AND SHAMED BY SARS: A POSSIBLE DETERRENT?
The South African Revenue Service (SARS) has undertaken to make the filing of annual tax returns for the 2020 filing season as seamless as possible for individuals who diligently fulfil their tax obligations.