The Crypto Tax Indaba: Data Analyses And Lifestyle Audits
During a recent panel discussion at the 2021 South African Institute of Taxation (SAIT) Tax Indaba, crypto assets, and the taxation thereof, once again came up as a sensitive topic amongst industry professionals.
Taxation Of Mauritius Trusts: The Elephant In The Room
The Mauritius Revenue Authority issued a Statement of Practice on 24 August 2021 (SOP24/21) on the taxation of Mauritius trusts. We found it peculiar that many Mauritius advisors decided to not advise their clients of this important development.
Living The Zambian Dream – South Africa Hasn’t Forgotten About You
Many South Africans work and live in Zambia because it is a favourable mining, construction, and agricultural African destination. Some of these South Africans have either temporarily or permanently made the move to Zambia without following the correct emigration procedures to mitigate their tax exposure in South Africa.
Is The Proposed Tax On Retirement Interests An “Exit Tax”?
The most contentious proposal introduced by the 2021 Draft Tax Bills is arguably the tax on retirement interests when a person ceases tax residency. The proposed tax has widely been christened as a further “exit tax” imposed on South Africans leaving the country. However, based on responses by the Minister of Finance to a written […]
The Glitch In Our New Residency-Based System
South Africa’s exchange control regime has relaxed considerably over the last few years, but the most recent amendments have created widespread confusion around the definition of non-residency for exchange control purposes.