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taxes
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Property Rate Hikes – How Does Cape Town Compare?
06 Jun 2024 by Heinrich / No Comments
Surprisingly, Cape Town seems better off than most of the other metros.
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The R750 Billion South African Economy Hidden From SARS
30 May 2024 by Heinrich / No Comments
Delegates at the recent Biznews Conference in London were given a peek into a hidden side of South Africa’s economy that seems to contradict the idea that the country ‘suffers from pervasive poverty and inequality’.
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Illegal Cigarettes Make Up Nearly 60% Of The South African Market
27 Mar 2024 by Heinrich / No Comments
In 2022 alone, the government lost R15 billion in excise and R3 billion in VAT from these illicit sales.
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Woe Is Us! The 2024 Budget Speech Might Have A Few Bombshells Tomorrow
20 Feb 2024 by Heinrich / No Comments
The 2024 Budget Speech falls right before a national election, which makes it even harder for the minister.
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More Than 50,000 Government Workers Are Now Millionaires
03 Nov 2023 by Heinrich / No Comments
The only silver lining in this circus seems to be the silver trim your town’s municipal manager is putting on his new Mercedes.
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Wednesday Morning Spice
18 Oct 2023 by Heinrich / No Comments
Top FIVE budget-friendly SA cities to live in, Fake food flooding SA’s townships, Pandor kicks off a (very quiet) diplomatic storm, Treasury straddling hiking taxes or borrowing money, and Pepper X is named world’s spiciest.
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HUGE Jump In Saffa’s Emigrating – Here’s Why And Where
15 Jun 2023 by Heinrich / No Comments
People are not leaving South Africa because the weather is bad and the people are unfriendly. They are leaving because the ruling government is incompetent and has the economic insight of an empty milk bottle.
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Make Sure You’re Maxing Out These Tax Benefits Before The End Of The Year
28 Nov 2022 by Jasmine Stone / No Comments
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.
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SARS One, Christo Wiese Zero
07 Nov 2022 by Jasmine Stone / No Comments
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.
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Work Abroad? Dealing With SARS Just Became A Whole Lot Harder
13 Oct 2022 by Jasmine Stone / No Comments
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.
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Becoming A Digital Nomad Does Have Some Tricky Tax Implications
26 Sep 2022 by Tayla / No Comments
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.
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Watch Out For The Latest Scam SARS Emails
15 Aug 2022 by Jasmine Stone / No Comments
SARS generally issues warnings about scams as tax season kicks into gear and this year is no different.
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Taxpayers Leaving SA Are Getting Hit With SARS Rejection Letters
26 May 2022 by Jasmine Stone / No Comments
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.
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Posting On Social Media Can Land You In Hot Water With SARS
06 Apr 2022 by Jasmine Stone / No Comments
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.
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Keep An Eye Out For These Potential Tax Hikes
10 Feb 2022 by Jasmine Stone / No Comments
Estimates on the cost of permanently increasing the Basic Income Grant vary wildly, with one study ranging between R160 billion and R520 billion annually.
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Don’t Forget About That January 31 Tax Deadline
25 Jan 2022 by Jasmine Stone / No Comments
Let me first ease your blood pressure by saying that January 31 is the deadline for provisional taxpayers, including trusts and companies.
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Good Luck Trying To Claim Home Office Expenses From SARS
03 Dec 2021 by Jasmine Stone / No Comments
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.
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It’s Gone Rather Quiet On The ‘Exit Tax’ Front
10 Nov 2021 by Jasmine Stone / No Comments
The change would have a serious impact on those whose retirement plans involve moving abroad, so it’s being closely monitored.
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There’s A Fine Line Between Tax Avoidance And Tax Evasion
16 Sep 2021 by Jasmine Stone / No Comments
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.
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Thinking Of Emigrating? Watch Out For That ‘Exit Tax’
16 Aug 2021 by Jasmine Stone / No Comments
The National Treasury has now proposed a further tax on South Africans who intend to emigrate permanently.
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A Word Of Caution About That SARS Auto Assessment
01 Jul 2021 by Jasmine Stone / No Comments
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.
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SARS Is Sniffing Around For Information On SA Crypto Traders
01 Jun 2021 by Jasmine Stone / No Comments
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”.
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Wealthy South Africans Can Expect This Letter From SARS
06 May 2021 by Jasmine Stone / No Comments
SARS is being rather proactive this year, with the first batch of ‘welcome letters’ to high wealth individual taxpayers already sent out.
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Tax Season – Here Are The Dates To Keep In Mind
08 Apr 2021 by Jasmine Stone / No Comments
Tax season – if those two words send shivers down your spine, you’re not alone. Here are the most important dates to jot down so you don’t miss a deadline.
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Earning Secret Airbnb Cash? SARS Will Have You
12 Mar 2021 by Jasmine Stone / No Comments
SARS issued a statement this week pointing out a high degree of non-compliance in the short-term rental sector, with Airbnb income clearly under scrutiny.
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‘Sin Tax’ Increases – How Much More You’re Paying For Beer, Wine, Spirits, And Cigarettes
26 Feb 2021 by Jasmine Stone / No Comments
During his budget speech on Wednesday, Finance Minister Tito Mboweni announced an increase in sin taxes, which will see the price of alcohol and tobacco products increase.
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Watch Out For Tax Refund Scammers, Warns SARS
08 Dec 2020 by Jasmine Stone / No Comments
SARS is being inundated with desperate calls from taxpayers who have fallen victim to scammers promising to secure large tax refunds.
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Why You Shouldn’t Panic If SARS Audits You
09 Oct 2020 by Jasmine Stone / No Comments
Nobody likes receiving the news that they’re under audit from SARS, but there’s no need to panic just yet.
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You Could End Up In Jail For A Silly, Unintentional Error On Your Tax Return
07 Sep 2020 by Jasmine Stone / No Comments
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.
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High Court Ruling Has Important SARS Tax Collection Implications
17 Jun 2020 by Carrie / No Comments
The Pretoria High Court has ruled in favour of the taxpayer in a recent court case, which has implications for how SARS collects your tax.
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