The days of SARS sending indebted taxpayers demand upon demand with no action are long behind us. In-line with their 2023 Strategic Objectives, SARS now wastes no time in instituting collection measures against non-compliant taxpayers; if you have a tax debt, you will soon be paid a visit by the Sheriff of the Courts, or […]
The fiscal pressures on SARS’ tax collection appear to have now compelled SARS to actively initiate the arrest and prosecution of taxpayers who do not accurately declare their taxable income. For long time, it has been warned that the South African Revenue Service (SARS) possesses third-party information from banks, financial institutions, estate agents, car dealerships […]
The much anticipated two-pot retirement system, introduced as a “knight in shining armour” for South Africans, has received a new implementation date of March 2024. Expats are cautioned to pay attention to the effects that this will have on the encashment of their retirement savings.