The number of South Africans earning income abroad has been on the rise, piquing interest from the South African Revenue Service (SARS), says Victoria Lancefield, general manager at Tax Consulting SA and Khutso Makgoka, legal consultant at the company. SARS has adopted a new method of investigation into expats, who […]

Donations and tax exemptions form an important part of one’s overall financial and estate planning. Donations tax and qualifying tax exemptions form an important part of financial planning and should form part of the annual review of your financial plan to ensure that you are not paying tax unnecessarily. The […]

Finance minister Enoch Godongwana delivered the 2022 Medium-Term Budget Policy Statement (MTBPS) on Wednesday, 26 October. The budget touched on many points and topics that were raised in the lead-up to the speech, including the South African government taking over a portion of struggling power utility Eskom’s debt, and giving […]

Change to legislation creates some uncertainty and could increase the cost of debt. Words like ‘relevant’ and ‘similar’ may seem very close in meaning, but the difference between them in a tax context has the potential to cause taxpayers pain. The word ‘relevant’ was changed to ‘similar’ in the Taxation […]

The South African Revenue Service’s new fully automated assessments are causing havoc for some taxpayers, says professional tax practitioner William Louw, from Sable International, who examines the process and pitfalls, and answers frequently asked questions. In 2021, SARS trialled automatically issuing assessments for taxpayers with less complex tax affairs. This […]