NEWS | EMIGRATING AT 55 PLUS? YOU STILL PAY TAX AND YOU’LL WAIT FOR YOUR RA
If you’re 55 plus and have emigrated or are intending to emigrate, you’ll still have to submit annual returns to the South African Revenue Service (SARS) and pay tax on your worldwide income for the rest of your life.
NEWS | WEALTHY TAXPAYERS WITH OFFSHORE HOLDINGS IN THE SPOTLIGHT WHILE LEAVING THEIR TAX ADVISORS IN THE DARK
SARS shines the torch on wealthy individuals One of the biggest highlights of this year’s budget speech revealed SARS’ latest ammunition.
NEWS | CATCH AND RELEASE: REDUCING DIVIDENDS WITHHOLDING TAX UNDER A DOUBLE TAX AGREEMENT
Less is more, which could not ring truer than when it comes to withholding taxes. This is especially the case in respect of dividends, which are subject to a withholding tax of 20% in South Africa.
NEWS | SARS’ RECRUITMENT STRATEGY RAISES SERIOUS QUESTIONS
SARS’ recruitment drive has provided some insight into the state of affairs at the organisation. With applications now closed, SARS released the details around the roughly 88,000 applications it received, and the numbers paint an unsettling picture.
NEWS | SARS KEEPS TABS ON SOUTH AFRICA’S BRAIN DRAIN
South Africa has experienced a large brain drain over the past few years with many skilled South Africans emigrating. However leaving South Africa doesn’t mean you can forget your relationship with SARS.