Final Demand – SARS On Your Doorstep
What do you do when SARS sends you a letter of demand for payment or, even worse, takes money directly from your bank account?
What do you do when SARS sends you a letter of demand for payment or, even worse, takes money directly from your bank account?
With discussions on imposing a wealth tax being rife in preceding years, policy makers are turning to the South African Revenue Service (“SARS”) to look into the feasibility of this new proposed tax, to bridge the “widest wealth gap in the world”.
Of late, digital news platforms have been awash with volumes of contradicting information regarding the Emigration Tax Compliance Status (TCS) PIN and SARS Non-Resident Tax Status Confirmation Letter. For the benefit of the taxpayers, more especially expatriates, we see it necessary to clarify the different uses and benefits of these two very important documents in […]