Grim Warning For South Africans – Disclose Your Defaults Before SARS Comes Knocking
Long gone are the days when tax fraudsters could run circles around the South African Revenue Service (“SARS”). Recently, SARS has intensified its efforts to crack-down on tax evasion, by pursuing criminal action against non-compliant taxpayers.
Tax/Digital Partnership To Ease Property Practitioner Compliance
Tax Consulting South Africa has joined forces with The Good People Data Company to take the pain out of property practitioner compliance. “Our tax and legal expertise, offered as an integral function of The Good People’s Cloud-based property practice management and analytics platform, creates a seamless compliance experience,” says Jashwin Baijoo, Legal Manager: Africa Tax […]
Outbound Investments – Plan B For South African Residents
The market trend of wealthy / affluent individuals departing South Africa, through financial emigration or opting to either invest offshore has become increasingly common. This usually takes planning, and structuring of affairs and asset management, which is done by means of an emigration roadmap, prepped well in advance, to be used on a rainy day.
SARS Ups The Ante On Expatriates Trying To Cease Their Tax Residency
SARS has started to make good on its promise in the 2020 Budget Review by enhancing their verification and audit processes to accurately review the compliance and tax statuses of South Africans abroad.
Delayed VAT Refunds from SARS? Legal Recourse Available to Businesses
Given the number of fraudsters and chance-takers in today’s market, hesitancy on the part of the South African Revenue Service (“SARS”) is present and well-understood. Rather than simply handing out refunds to every VAT claimant without careful scrutiny, the SARS official appointed to the matter is obligated to correctly apply the law, even though it […]