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.
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.
SARS is being rather proactive this year, with the first batch of ‘welcome letters’ to high wealth individual taxpayers already sent out.
Nobody likes receiving the news that they’re under audit from SARS, but there’s no need to panic just yet.
Submitting a tax return to SARS is always a rather nervy affair, and now a proposed amendment to the law has practitioners worried about the implications.
Most of us don’t really know what we’re doing when we fill out tax returns, which is why people are prone to making these four crucial mistakes.
SARS is getting ready to come down hard on anyone who fails to file their tax returns by the December deadline.
Payroll managers and employees need to take note of these three stealthy tax hikes that you might have missed.
July has popped in for a visit, and that means you can begin with the joys of filing your taxes. Before you get stuck in, you should consider a few things.
Some people are go-getters, and others tend to leave things to the last minute. If you fall into the latter category, then you’ll need to pay attention.
The Taxation Laws Amendment Bill of 2017 is just as boring as you would imagine, but there’s something in there that will have a big impact on South African expats.
Plenty of folks have made serious cash from dabbling in cryptocurrencies, so you knew it was only a matter of time until the tax man came knocking.
Remember when you were growing up and tax was just something you heard adults moaning about? Yoh, those were the days. Here’s what the next tax year has in store.
We might be in the middle of the 2016/17 tax season, but on Monday, SARS released a whole lot of stats regarding last year’s one. Some vital info in there, too.
This morning we heard about Johann Rupert losing patience with Zuma once and for all – this time it’s SA’s biggest banks firing shots.
There has been much confusion of late regarding exactly how much of that $1,5 billion you’d be left with if you struck gold. The experts answer.