“SARS + AI” vs “Your South African Tax”
The SARS Announcement on 02 April 2024, may look, for the untrained eye, like standard narrative. As a tax attorney in day-to-day practice, there are daily examples of very expensive tax mistakes. Tax practitioners and South African taxpayers are well advised to switch to a moment of seriousness; and take note of the following with […]
SARS Follows the Money – Targeting Big-Ticket Taxpayers and Their “Trusted Advisors”
SARS’ “Compliance Revenue Programme” make headlines off the back of the Revenue Results Announcement on 02 April 2024, raking in a whopping R293,7 billion! Even though the Announcement provided statistics upon statistics, the underlying message from Commissioner Kieswetter was clear – even with only 12 500 SARS employees, SARS will ensure to be “a catalyst to […]
SARS Commissioner vs Tax Practitioners: “Do your due diligence”.
During the April 2024 SARS Revenue Results Announcement Media Conference, the SARS Commissioner brought to light concerning observations regarding non-compliance and delinquent behaviour by tax practitioners. By drawing a direct correlation between non-compliant tax practitioners and their “clients [who] are equally delinquent,” his remarks underscored the critical importance for taxpayers to carefully assess the quality […]
SARS Wheels Against Eskom Corruption Turning Slowly, but Days are Numbered
Like all strategic movers, SARS has been biding its time in addressing corruption amidst South African SOEs, taking a few direct, or indirect shots here and there, and like a Grand Master, the Commissioner has made clear his end goal – the complete eradication of non-compliance.
Wealth Preservation and Residence by Investment for South Africans
For decades, the affluent South African has searched for ways to preserve their wealth, in such a way as to ensure their descendants do not have to start from the bottom as they did. This has in most instances, lead South Africans to explore offshore investment and insurance options, including the creation of offshore Trusts […]