SARS’ Smoking Gun? Estimated Tax Assessments through Lifestyle Audits
Lifestyle audits were initiated by SARS back in 2007, however actual action earnestly began only a few years ago with the arrival of SARS Commissioner Edward Kieswetter. These audits are conducted when SARS suspects that the taxpayer is not declaring all his or her income and thus is underpaying the factual tax due.
What South Africans Lose When Adopting Foreign Citizenship
Anyone who acquires citizenship in another country will automatically lose their South African citizenship. This includes all rights and privileges associated with being a South African citizen, including losing your right to a South African passport, one’s right to vote, etc.
Alarm Over Growing Brain Drain From SA
As emigration by skilled South Africans rises, experts in the auditing and insurance sectors have warned this will weaken the country’s skills base and reduce the pool of wealthy individuals, whose spending on goods and services support many businesses.
Moet Liefs Nie Jou Kripto-Winste Vir Jan Taks Wegsteek
Verklaar die bates ten volle, of SAID kan groot boetes hef.
The Information That Can Keep A Deceased Estate Frozen
As if the distress of losing a loved one was not enough, the process of winding up their estate immediately following their death can prove overwhelming to a grieving family. But if they cannot promptly produce the legally required information, that critical source of funds may remain frozen much longer than necessary.