Whether we like it or not, society can not function without some sort of tax system in place.
Although now seems like the perfect time to panic, now is NOT the time to panic.
The 2024 Budget Speech falls right before a national election, which makes it even harder for the minister.
SARS is going to be using a finer comb from now on…
There are 52 African-born billionaires globally, of whom only 23 still live on African soil.
We’ve got both the brains and the attitude to make the 4IR work for us all, we just need to have the right support where it’s needed.
A key finding in the survey is that a large portion of South Africans are disappointed with their financial circumstances, and yet feel like they do not have the knowledge to tackle these issues effectively.
The changing legislative landscape in the fields of company law, tax law and financial reporting standards have made it essential for modern firms to evolve, and as the world becomes more complex and integrated, the days of the sole practitioners and the small accounting and audit firms are limited.
In order to join the top 1% of the wealthiest South Africans, you need to make almost six times more than the average earner. But that doesn’t mean life is all rainbows and butterflies.
Tax. The word alone sends shivers down your spine, never mind the discomfort you might feel spending just one day queuing at your nearest SARS branch.
Living debt-free sounds like the answer, but if you ever need more money than your piggy bank holds, you’re going to need to use someone else’s cash, and that is where a credit score can be your secret weapon.
The tax year runs until the end of February 2023, which means there is still a bit of time to make sure you’re maxing out your tax benefits before the end of the 2022/2023 period.
The battle between SARS and Wiese is very far from over. However, the first-round win must be awarded to SARS after a ruling handed down by the Western Cape High Court.
Being paid in pounds or Euros or dollars and getting to spend them in South Africa is the dream. Dealing with SARS, on the other hand, can be a nightmare.
Deciding to live location independent to pursue a career that supports the island-hopping, “working near the waves” lifestyle does come with a few considerations and some irritating admin.
SARS generally issues warnings about scams as tax season kicks into gear and this year is no different.
Social media is full of South Africans wondering (pleading) where their refunds are, having been quick of out the blocks come July 1.
Over the past decade, in excess of 4 500 high-net-worth individuals (HNWIs) have left South Africa and headed abroad.
Deciding to emigrate isn’t as simple as selling your house and booking a flight abroad, of course, and that’s especially true when it comes to dealing with SARS.
If you live in South Africa and your social media feeds show luxury assets, you better hope you have the payslips to justify that high life.
SARS Commissioner Edward Kieswetter has made it clear that tax rogues are in the crosshairs, and recent action backs that up.
Estimates on the cost of permanently increasing the Basic Income Grant vary wildly, with one study ranging between R160 billion and R520 billion annually.
Let me first ease your blood pressure by saying that January 31 is the deadline for provisional taxpayers, including trusts and companies.
According to one recent estimate, as many as 85% of working from home tax deduction claims submitted by individual taxpayers are being rejected by SARS.
The change would have a serious impact on those whose retirement plans involve moving abroad, so it’s being closely monitored.
In May, SARS announced it was forming an HWI unit, aimed at improving compliance amongst the country’s wealthiest citizens.
Fail to pay your taxes, and SARS will come knocking, with a number of new initiatives targeting everyone from businesses through to wealthy South Africans.
The National Treasury has now proposed a further tax on South Africans who intend to emigrate permanently.
Tax season is officially upon us, and in order to simplify and speed up the process, SARS will be actioning auto assessments. Before accepting, there are a few things to consider.
Three of South Africa’s largest cryptocurrency exchanges have been approached by SARS, which is looking into South Africans involved in “the mining, speculation and/or investment in crypto assets”.