NEWS | SOUTH AFRICANS WORKING ABROAD: MUST YOU SUBMIT A TAX RETURN TO SARS?
Due to the COVID-19 pandemic and the restrictions implemented, the South African Revenue Service (“SARS”) has pushed back the 2020 tax season by two months. The 2020 tax season will now open on the 1st of September 2020, and closes on the 16th of November 2020, for online submissions, and 22 October 2020, for branch […]
NEWS | THE UNCERTAIN FUTURE OF FINANCIAL EMIGRATION
The History of the Policy Shift A quick recap for newcomers to taxation of South Africans abroad is that after a near two decade policy of giving an employment tax exemption to South Africans performing employment services abroad, there was a material policy shift by National Treasury and SARS, first to completely remove the exemption […]
NEWS | SARS NEW AUTO-ASSESSMENTS: WHY SOUTH AFRICAN EXPATRIATES MUST BE FULLY COMPLIANT
With the effects of COVID-19 hitting the National Treasury where it hurts the most, in the pocket; SARS has introduced auto-assessments.
NEWS | THE ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT IS CLEANING THE GLOBE
Looking at global statistics and for those following international news, it appears South Africans can be grateful for not being hit as hard as other countries by Covid-19; yet.
NEWS | SA EXPATS BEWARE: SARS EYES OFFSHORE ASSETS, FOREIGN INCOME AND BANK ACCOUNTS
Following SARS’ media statement on 5 May 2020, it is clear that revenue collection is under immense pressure with an expected collection shortfall of between 15% – 20%.
NEWS | MUST EXPATRIATES PAY PROVISIONAL TAX TO SARS?
With the first provisional tax payment being due on 31 August 2020, there is some confusion regarding whether expatriates are deemed to be provisional taxpayers by the South African Revenue Service (SARS) or not.
NEWS | ALL TAXPAYERS BEWARE: 10 POINTS FROM SARS MEDIA RELEASE
On 5 May 2020, the Commissioner for SARS made a profound media statement, which gave a detailed account of projected revenue collection in light of the COVID-19 crisis, but also gave valuable insight of what we can expect from SARS in coming months.
NEWS | WORKING FROM HOME: WHAT COVID-19 MEANS FOR TAXES ON EXPATS STUCK IN PLACE
Following the most recent presidential address, it is clear that South Africa’s borders are going to remain closed for non-essential travel, at least for the time being.
NEWS | 7 NEW LOCKDOWN RULES INCLUDING SARS OFFICIALS RETURNING TO WORK
Government has published more than a dozen new directives around South Africa’s lockdown regulations since the official introduction of level 4 restrictions on Friday (1 May).
NEWS | COME RAIN OR COME SHINE, EXPATRIATE TAX WILL BE DUE SOON
Here comes the rain again With 1 March 2020 being the sunrise of the expatriate tax, the first tax payment will become due 31 August 2020.
