The 2023 Budget: Short Term Gains Not Enough
On 22 February, the Minister of Finance, Enoch Godongwana, had the unenviable task of delivering the annual Budget Speech. Over the last year, and especially over the last few months, South Africa has taken one knock after another. Ears everywhere were on the ground, listening to what the plan is for South Africa Inc over […]
2023 Budget Speech – Tax Relief, or Reckoning?
With the 2023 Annual Budget Speech around the corner, Commissioner of the South African Revenue Service (“SARS”), Edward Kieswetter, has been quite vocal in stating there will be no increase in current tax rates, nor the imposition of any further taxes, including a “wealth tax” as alluded to in last year’s address.
No Endgame: SARS Stalemates Taxpayers Ceasing Tax Residency
There may be a strange game of chess being played with taxpayers who are trying to cease their South African tax residency, with the result of keeping them “trapped” as tax residents for no legitimate reason.
South Africa Welcomes Foreign Property Investment Despite Widespread Global Restrictions
In the midst of growing international restrictions on foreign property investors, South Africa remains a welcoming haven to these buyers.
Non-Compliant Advisors to Join Clients Behind Bars
A word of warning to all “finance professionals”, including tax practitioners, accountants, and specialist attorneys – Professional Indemnity Insurance can only cover you to a certain extent, and that does not include evading jail-time should the South African Revenue Service (“SARS”) deem fit.