Further Changes to the Approval for International Transfer Process
On 24 April 2023, the South African Revenue Service (SARS) released new enhancements to the Tax Compliance Status (TCS) process, with immediate effect. The changes made by SARS mainly concerned the approvals required by individuals when transferring funds out of South Africa. Now, SARS has made further changes – but what are these changes, and […]
SARS sets a new professional standard: A sophisticated apology sent to taxpayers
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.
Demystifying Company Deregistration – SARS and CIPC Synergistic Systems
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 […]
Do my retirement funds come with me when I leave South Africa?
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?
Don’t Let Your SARS Tax Debt be the Reason for an Empty Stocking this Festive Season!
2023 has gone by in a blur, and Christmas is just around the corner; business has started winding down for the year, but NOT SARS’ collection drive!