Time To Count Your Chickens: SARS Has Changed The Tax Compliance Status Process

With no fanfare or any prior notification, on 24 April 2023, SARS released new enhancements to the Tax Compliance Status (TCS) process, and with immediate effect. These changes will be directly felt by specific taxpayers seeking to transfer funds out of South Africa and will effectively change the ball game for those who have ceased tax residency in South Africa.

Thomas Lobban
Head of Cross-Border Tax