With inflation levels at their highest since 2009, coupled with rising interest rates in South Africa, cash strapped consumers are scrambling to find means to curb their debt woes.
Lifestyle audits were initiated by SARS back in 2007, however actual action earnestly began only a few years ago with the arrival of SARS Commissioner Edward Kieswetter. These audits are conducted when SARS suspects that the taxpayer is not declaring all his or her income and thus is underpaying the factual tax due.
Anyone who acquires citizenship in another country will automatically lose their South African citizenship. This includes all rights and privileges associated with being a South African citizen, including losing your right to a South African passport, one’s right to vote, etc.