Five Misconceptions About Crypto Taxation
Since its inception in 2009, there have been many misconceptions about crypto assets, often referred to as cryptocurrencies. These confusions have cost eager investors millions of Rands and have subsequently been addressed or explained on numerous media platforms.
Mauritius Could Be Paradise For Emigrating South Africans. But Will SARS Let You Go?
Already a popular destination with South Africans, recent developments in Mauritius promise to make this tiny island paradise more accessible to expatriates than ever.
Taxpayers Beware! Voluntary Compliance Is Always Better Than Compelled Compliance
In view of July being just around the corner, and with it, the opening of the 2022 tax season, there is an increasing need for voluntary compliance throughout the taxpayer population. This is even more imperative for taxpayers who have income-generating assets, as should taxpayers have failed to declare any income in prior years, and […]
SARS’ Questions To Wealthy South Africans Points To Items Of Non-Compliance
Last year’s Budget Speech announced that the South African Revenue Service (“SARS”) are to set up a specialised High Wealth Individuals’ Unit, now commonly known as the HWI Unit.
SARS’ New Auto Assessments: Expats, Ensure Up To Date Status To Avoid The Crosshairs
The 2022 tax filing season is now already open, and SARS has introduced a new “auto-assessment” protocol.