Many South African taxpayer’s received a general warning on 24 October 2023, that SARS will not only penalise their non-compliance status, but “will initiate the criminal process” against a taxpayer.
Many South Africans have, in the course of their lives, either registered a company to give wings to a brilliant (or not so brilliant) idea or been appointed as the Tax Representative of a going concern. Whether you fall into these 2 categories, or simply have a dormant company to your name, your tax return […]
For those looking to move from South Africa, a burning question often remains: what happens to their hard-earned retirement funds? How, and when, will they be able to withdraw their retirement interests in South Africa; and of course, where will these be taxed?