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Understanding the Impact of SARS’s AI on Taxpayers

Reading Time: 4 minutes In the rapidly evolving landscape of artificial intelligence (AI), the South African Revenue Service (SARS) has harnessed this powerful technology to dramatically enhance its audit capabilities. While AI promises efficiency and accuracy, it’s...

SARS Back on the HWI Trail

Reading Time: 5 minutes Reading Time: 5 minutes The South African Revenue Service (SARS) has recently intensified its focus on high wealth individuals (HWIs), demanding more detailed documentation and greater transparency. With SARS’ adoption of advanced technologies...

Pillar Two Income Tax Legislation

Reading Time: 3 minutes Reading Time: 3 minutes Pillar Two Explained The Organisation for Economic Co-operation and Development (OECD), together with the G20 countries, formed the OECD/G20 Inclusive Framework. The Framework comprises two pillars, both aimed at...

The Upside of Switching to Solar

Reading Time: 4 minutes Reading Time: 4 minutes Under S12B of the Income Tax Act, and prior to the Budget 2023 amendment to this section, businesses were granted an accelerated write-off in respect of investments made in their own generation of renewable energy. ...

Do Retirement Funds Emigrate, Too?

Reading Time: 3 minutes Reading Time: 3 minutes South African individuals considering relocation share a common concern for the fate of their accumulated retirement savings. The “when” and “how” of accessing these funds and whether they will be subjected to taxation...

More State Entities To Access Taxpayer Information

Reading Time: 3 minutes Reading Time: 3 minutes Relinquishing Our Grey Throne South Africa was placed on the ‘grey list’ by the Financial Action Task Force (FATF) on 24 February 2023 for not adhering to international norms to prevent money laundering, terrorist...