Time To Count Your Chickens: SARS Has Changed The Tax Compliance Status Process
With no fanfare or any prior notification, on 24 April 2023, SARS released new enhancements to the Tax Compliance Status (TCS) process, and with immediate effect. These changes will be directly felt by specific taxpayers seeking to transfer funds out of South Africa and will effectively change the ball game for those who have ceased […]
A Global Consensus – Prior Due Diligence Recommended for AIT Requests
In the weeks following the announcement of SARS’ enhanced Approval of International Transfers (AIT) process Tax Consulting South Africa hosted technical training sessions for several SARS-recognised controlling bodies. To date, this has included the South African Institute of Taxation, the Financial Planning Institute of Southern Africa, and the South African Institute of Professional Accountants.
New Rules When Disagreeing With SARS – Alignment With Strategic Objectives
On 10 March 2023, new dispute resolution rules were published in terms of the delivery of any document, notice or request made in respect of the SARS dispute resolution process. The new rule states that the delivery “must be made… to the taxpayer’s electronic filing page through www.sarsefiling.co.za”. This aligns with SARS’ strategic objectives of […]
Demystifying Double Taxation Agreements: What South African Expatriates Need To Know
With the Covid-19 pandemic largely in the rear-view mirror, tens of thousands of South Africans are seizing lucrative employment opportunities abroad. At the same time, many of these expatriates are unaware that their hard-earned income is at risk of double taxation.
Sars Can Increase Your Tax Liability If You Appeal
Following years of litigation dating as far back as 2017, the High Court has confirmed that SARS is well within its right to increase, at appeal stage, the tax liability it has claimed in an additional assessment; without having to issue a new assessment first.