During a recent panel discussion at the 2021 South African Institute of Taxation (SAIT) Tax Indaba, crypto assets, and the taxation thereof, once again came up as a sensitive topic amongst industry professionals.
The Mauritius Revenue Authority issued a Statement of Practice on 24 August 2021 (SOP24/21) on the taxation of Mauritius trusts. We found it peculiar that many Mauritius advisors decided to not advise their clients of this important development.
Many South Africans work and live in Zambia because it is a favourable mining, construction, and agricultural African destination. Some of these South Africans have either temporarily or permanently made the move to Zambia without following the correct emigration procedures to mitigate their tax exposure in South Africa.