SARS And National Treasury Have Gone Quiet On Expats. What’s Brewing?
National Treasury’s latest published Draft Tax Bills incorporated the contentious additional “exit tax”, which proposed to tax retirement fund interests of individuals when they cease South African tax residency.
Zero Hour: Expat Tax Returns Due This Filing Season
The past two years have been a journey into unchartered waters for all, and a particularly tense time as far as South African expatriates are concerned. For many expats, more and more questions have been left unanswered as this filing season, and the tax filing period draws to a close on 23 November.
Criminal Proceedings Against Non-Compliant Taxpayers Are Alive And Well
In recent weeks we have seen first-hand the powers of SARS in holding taxpayers criminally liable where their tax affairs are not in order. What is important to note is that SARS has always had the authority through legislation to institute criminal proceedings against non-compliant taxpayers.
Emigration Expo: Are You Coming Back?
Tax Consulting SA and Xpatweb were exhibitors at the Durban leg of The Emigration Expo. While fielding questions, it was evident that many people are interested in working and living offshore, but they seem unsure where to start. All their questions and concerns can be compiled into three groups.
Mauritius Forges Ahead As Africa’s Wealthiest Country
When we think of Mauritius, the mind leans towards a tropical lifestyle that includes surf, sand and sundowners. However, over the last couple of decades, the island has successfully positioned itself as one of the most favourable economic hubs in Africa. News that their final obstacle has been removed, has investors and entrepreneurs suddenly looking […]