Introducing the 2023 Tax Season for High-Net-Worth Individuals (HNWI) – SARS Asks the Big Questions!

The South African Revenue Service (SARS) has set its sights on high-net-worth individuals, and the 2023 tax season promises to be a game-changer. Whether it is a win or a loss, is up to you! Get ready to navigate through a series of big questions and make sure your tax affairs are in impeccable order.

MORE INFORMATION

At Tax Consulting SA, we know that tax compliance for high-net-worth individuals (HNWIs) can be a complex and challenging process. With SARS placing increased scrutiny on individuals and families with substantial wealth, it’s crucial to stay ahead of the curve and ensure full compliance with the tax authority.

What to Expect From SARS:

Enhanced Reporting Requirements

SARS has implemented new reporting measures for HNWIs, requiring a comprehensive breakdown of your income sources, expenses, and investments. Our team of expert tax consultants will guide you through the intricacies of these requirements, helping you compile accurate and transparent reports.

Closer Examination of Deductions

As a HNWI, you may have various deductions and allowances applicable to your unique financial situation. However, be prepared for SARS to thoroughly review these claims. Our seasoned tax professionals will assist you in substantiating your deductions while minimising the risk of an audit.

Asset Valuation and Wealth Tax

The 2023 tax season introduces a greater focus on asset valuation, especially for individuals with substantial holdings. Additionally, discussions surrounding the implementation of a wealth tax have been ongoing. Our team stays updated on the latest tax developments, ensuring you are well-prepared for any potential changes.

Why Us?

Unparalleled Expertise

With years of experience in handling complex tax matters for HNWIs, our team of specialists possesses the knowledge and acumen to meet your unique needs, spanning tax attorneys, accountants, tax practitioners, and other seasoned professionals.

Personalised Solutions

Your financial situation is unique, and so are your tax needs. Our multi-faceted team of experts will work closely with you to create personalised tax solutions tailored to your specific circumstances, maximising your wealth preservation and tax efficiency.

Confidentiality

Your privacy is paramount to us. Rest assured that all communications and engagements with Tax Consulting SA are handled with the utmost confidentiality under NDA and under legal professional privilege where necessary.

Minimising Risk and Maximising Efficiency:

Navigating the tax landscape as a HNWI requires a proactive approach. Our tax advisors specialize in tailored strategies to minimize your tax liability while ensuring compliance. Let us help you optimise your financial affairs efficiently.

Don’t let the 2023 tax season catch you off guard. Get ahead of the game and ensure a seamless and compliant process.

HERE’S WHAT OUR CLIENTS HAVE TO SAY:

We highly recommend Tax Consulting to any prospective clients. We received exceptional service from Andre Daniels. His competence and professionalism impressed us. He went out of his way to help and to patiently clarify any questions we had.

It was a pleasure to work with the team as well as comforting that we were in good hands. The overall experience with the team was excellent, they also always responded promptly to our emails.

Sonja Kocznur

Andre and Colleen are the best!

We had a large VAT refund due to us and they immediately assisted us with our query, we got our refund in less than two weeks.

Extremely helpful and professional, I highly recommend Tax Consulting to any and all who struggle with tax related matters and SARS.

Carel Brown

Tax Consulting has been helping me with a serious problem that I had with SARS with my company. They have been truly excellent all round in terms of results, friendliness, swiftness of work, professionalism, pricing. We aren’t 100% complete yet, but thus far are getting great results. I would (and have already) recommend them to anyone for tax services, and in particular if you have a more complicated tax issue to resolve.

Andreas van Wyk

We found the premises to be well appointed and the staff to be professional, efficient and friendly.

Gugu Gumede

GET IN TOUCH

CONTACT US

MEET THE TEAM

Natasha Wilkinson
Head of Tax Disputes & Legal Strategy

Andre Daniels

André Daniels
Legal Manager: Tax Controversy & Dispute Resolution, LLB

Colleen Kaufmann

Colleen Danica Kaufmann
Tax Attorney, LLB

Kindly note that our offices are closed between 25 December 2024 and 1 January 2025 and as such there will be a delay in our normal expeditious response times. Our teams are taking a short festive season break and will address your query upon their return on Thursday, 2 January 2025.