NEWS | FINANCIAL EMIGRATION REMAINS THE CLEANEST ROUTE OUT OF SOUTH AFRICA
The process of financial emigration, which is the process that allows a taxpayer to formally place themselves on record as a non-resident for tax purposes with the South African Revenue Service (SARS), recently changed and came into effect on 1 March 2021.
NEWS | CRYPTOCURRENCY TAX: THE CANARY IN THE COALMINE
In 1911, coal miners would delve into the depths of the earth with little or no guiding light and none but their own belaboured breath as company. These men faced a silent killer – carbon monoxide levels underground could increase until it was too late for them and no one was left standing.
NEWS | SARS IS CRACKING DOWN ON CRYPTOCURRENCY OWNERS
Some South Africans who have bought cryptocurrencies in recent years are being audited by the South African Revenue Service (SARS), who has sent them letters requiring more information about these investments.
NEWS | OORSESE INKOMSTE SÓ BELAS
Dis moeilik om te bepaal of die veelbesproke ekspat-belasting verlede jaar ’n groot impak gehad het op Suid-Afrikaners se besluit om oorsee te gaan werk – of wáár.
NEWS | POSITIVE BUDGET SPEECH, BUT POOR REVENUES PUT HIGH EARNERS AT RISK
On 24 February, Finance Minister Tito Mboweni delivered South Africa’s 2021 National Budget speech.