Category Archives: Tax

HOW WILL THE 2018/2019 AFFECT YOU, THE INDIVIDUAL?

The 2018 Budget was sure to be a delicate balancing act between the much needed tax hikes (whatever the reasons that got us onto this precarious economic precipice, the fact is that the situation is what it is) and adequate … Continue reading

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IMPORTANT SARS DATES

There appears to be an increased focus recently by SARS in relation to tax compliance. We therefore want to highlight the below important dates again to our clients to ensure that they are always fully tax compliant. Non-compliance may lead … Continue reading

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HOW IS CRYPTO CURRENCY SUCH AS BITCOIN TAXED IN SOUTH AFRICA?

Please note that the information below is an opinion and cannot be used to rely on as formal tax advice. In order to obtain formal tax advice regarding your tax situation, please contact us directly for a consultation. For the lazy … Continue reading

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PROVISIONAL TAX RULES

Since the provisional tax season has arrived, it is important to remember the rules regarding your estimates. The provisional tax payment must be received by SARS on or before the due date, 28 February 2018. Failure to do so could result … Continue reading

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SARS TO INTENSIFY ACTION AGAINST TAX OFFENDERS

Despite the fact that SARS has upheld their philosophy of education, service, and thereafter enforcement, they have noticed an increase in taxpayers not submitting their tax returns by the stipulated deadlines, and not settling their outstanding debt with SARS. This … Continue reading

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TRUSTS EN ARTIKEL 7C VAN DIE INKOMSTEBELASTINGWET, WET 58 VAN 1962

Van ons kliënte wat inter vivos trusts opgerig het, oorweeg dit om die trusts te ontbind vanweë die belasting- en administratiewe las wat veral die laaste tyd op trusts afgedwing word. Dit is egter nie ‘n besluit wat ligtelik geneem … Continue reading

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GONE ARE THE DAYS OF TAX-FREE SALARIES ABROAD

Many South African taxpayers earning a salary abroad have for many years been able to benefit from so-called “double non-taxation”. This would be the case where salaries are earned in countries where the employer country would not tax salaries earned … Continue reading

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2017 Tax Season made easy

The 2017 Tax Season has opened for individuals on 1 July, and SARS has released some handy tips and information to make the process pain free for taxpayer. In preparation for tax season, taxpayers can start gathering all the supporting documents that … Continue reading

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EXEMPTION FOR FOREIGN SALARY EARNERS

South African tax resident individuals are liable to income tax on their worldwide income. In other words, where a South African tax resident individual were to earn a salary for employment which may from time-to-time be exercised outside of the … Continue reading

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BEWARE OF CAPITAL GAINS TAX WHEN YOU EMIGRATE

While many people immigrate to South Africa, we also see many of our clients emigrating from South Africa. And while formal migration-status is not necessarily linked to tax residency, the time of tax migration often coincides with formal emigration linked … Continue reading

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