NEWS | SARS DECLARES WAR ON NON-COMPLIANCE

SARS Commissioner, Edward Kieswetter, has used the South African Institute of Tax Professionals’ Tax Indaba as a platform to fire a shot across the bow, letting taxpayers know that non-compliance will be met with the full force of the National Prosecuting Authority (NPA). The Commissioner has allied himself with the NPA and concluded a new […]

NEWS | WHEN TAX PLANNING BECOMES TAX AVOIDANCE – EXPERTS WEIGH IN

The International Ethics Standards Board for Accountants is looking into whether aggressive tax planning is ethical, even if it is legal, according to Saadiya Adam, a technical advisor for the IESBA.

NEWS | 1 MARCH 2020 – DO YOU AS EMPLOYER HAVE YOUR DUCKS IN A ROW?

The amendment to section 10(1)(o)(ii) of the Income Tax Act (“foreign employment exemption”) takes effect from 1 March 2020. Presumably, employees that would be affected thereby have done the necessary planning to sidestep any potential additional tax that may follow the amendment; or at least did their homework to attenuate the impact thereof. A question […]

NEWS | SOUTH AFRICAN EXPATS IN SHARK INFESTED WATERS – EXPAT TAX LAW CHANGE COMMENCING MARCH 2020

South African expats have been subjected to vast amounts of conflicting information regarding the amended expat law change, causing uncertainty and panic in their preparations for 1 March 2020.