SARS’ High Wealth Individual Unit – Carrot, or Stick?
The last few years have seen an increased compliance drive by the South African Revenue Service (“SARS”), fully backed by the Presidency and the National Prosecuting Authority, and more specifically, clamping down on higher net worth individuals worldwide.
SARS Letter Confirms SA Emigrants’ Non-Tax-Residency Status – If They Can Prove It
With the introduction of a formal SARS Non-Resident Tax Status Confirmation Letter in 2021, South African expatriates may finally relax knowing that their foreign income is safe from local taxation. However, getting one of these is neither automatic nor easy, requiring applicants to follow stringent residency cessation and verification processes to qualify as non-residents for […]
Final Demand – SARS On Your Doorstep
What do you do when SARS sends you a letter of demand for payment or, even worse, takes money directly from your bank account?
Wealth Tax – Is The Rumour Being Realised?
With discussions on imposing a wealth tax being rife in preceding years, policy makers are turning to the South African Revenue Service (“SARS”) to look into the feasibility of this new proposed tax, to bridge the “widest wealth gap in the world”.
Valuable Benefits Of An Emigration TCS PIN And SARS Non-Resident Tax Status Confirmation Letter
Of late, digital news platforms have been awash with volumes of contradicting information regarding the Emigration Tax Compliance Status (TCS) PIN and SARS Non-Resident Tax Status Confirmation Letter. For the benefit of the taxpayers, more especially expatriates, we see it necessary to clarify the different uses and benefits of these two very important documents in […]