Is the accounting of your offshore investments tax efficient?

Tags: Income tax Reading Time: 4 minutes SARS delivered on its Budget 2021 promise to create the High Wealth Individuals (HWI) unit to specifically target income tax compliance of so-called “High Net Worth Individuals”. The unit was created in 2021 and gained further...

New Cryptocurrency rules on the horizon

Tags: Income tax, Tax Reading Time: 4 minutes The 2022 Budget speech included a very important update on government’s stance on cryptocurrency.  Although recent income tax developments in the crypto space have largely focused on taxation of crypto profits, government...

10 SA Tax Facts every business should know

Tags: Income tax Reading Time: 6 minutes Without a strong financial background, handling your business’s income tax can be one of the most complicated processes you must handle for your business. Furthermore, there is an added strain of potential fines for...

Retirement income | Introducing effective income tax rates

Tags: Income tax Reading Time: 3 minutes According to The Income Tax Act No. 58 of 1962, individuals who earn above the outlined threshold must register for personal income tax. As a registered taxpayer, you are required to submit annual income tax returns to ensure...

Exit tax on retirement interest | Government proposal withdrawn

Tags: Income tax Reading Time: 4 minutes The National Treasury and SARS recently confirmed that their proposal to impose an income tax on the retirement interest of immigrating taxpayers would not be included in the final Taxation Laws Amendment Bill, which was...