Rethinking Remuneration Flexibility: A Must in the 2-Pot Retirement Era
The fact that millions of South African taxpayers withdrew R43 billion from their accessible retirement savings under the Two-Pot System in the previous tax year, and many are already dipping in again this year, clearly shows that employees need real-time financial relief.
R500 Billion and Rising – SARS Audits Increase Collectable Tax Debts
With a debt book of R535,9 billion, SARS is looking for any means to expedite seamless collections! SARS can leverage Artificial Intelligence and data driven insights from 3rd party information, including processing of taxpayer bank statements without any prior warning, or consent.
Court Slams Taxpayer for Skipping Dispute Steps in SARS Fight
A recent High Court decision should serve as a cautionary tale for any taxpayer who underestimates the procedural rigor required when challenging the South African Revenue Service (“SARS”).
The When, How and Why for Expatriates Considering Leaving the South African Tax Net
The South African Revenue Service (SARS) is not beating around the bush with sharpening its focus on South African expatriate taxpayers as part of efforts to curb non-compliance that contributes to billions in lost tax revenue annually.
Fix These 4 Payroll Mistakes Before SARS Finds Them
In a tightening economy, the South African Revenue Service (SARS) is under increasing pressure to collect every cent it can to shore up the South African fiscus. While many compliant businesses play by the rules, it is becoming clear that some large corporates are pushing the envelope too far—sometimes unintentionally, but often with eyes wide open.