Retirement annuities have been designed as tax efficient vehicles that encourage South Africans to save during their working years, to ensure that they have sufficient income to maintain a comfortable…
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While there is no prohibition against non-residents buying and selling property in South Africa, such transactions are treated a little differently, for tax purposes. The sale of immovable property in…
Most South Africans started paying into their retirement annuities long before they even considered emigrating, with the plan to have enough savings squirreled away to see them through as they…
While no one enjoys paying tax on their hard-earned income, everyone gets a kick out of getting money back from the taxman. What are we talking about? Tax refunds from…
Emigrating and getting ready to leave all your troubles and taxes behind? Not so fast. There are a few things to consider first, such as your tax resident status in…
Until you have officially terminated your tax residency with the South African Revenue Service (SARS), you are still technically a South African tax resident, even if you’re living overseas. What…
The current political and economic climate in South Africa has made it increasingly important for taxpayers to consider ways of safeguarding their wealth. In the face of the country’s instability,…
The 2023 SARS Tax Season kicked off in July. If you’re a South African living overseas you might be tempted to think that this doesn’t apply to you, but there’s…
If you’re emigrating, you’ve probably already arranged the packing and moving of your belongings. You’ve likely already sorted out passports, visas and flights for your family members, and you have…
If there’s one thing that the South African Revenue Service (SARS) wants to do, it’s make taxpayer compliance as easy as possible. With tax compliance being key to its successful…