Tax Consulting South Africa

Tax Consulting South Africa

2/5/2025, 8:11:55 AM

Many South Africans are relocating abroad, unaware that physical emigration does not automatically end their financial obligations in South Africa. Knowing the difference between physical and financial emigration is crucial. Understand the implications of both before you emigrate. Read the full article for essential steps. https://bit.ly/40Jzn72

Tax Consulting South Africa

2/7/2025, 11:19:02 AM

SARS has unearthed a new source of tax revenue collection – cryptocurrency trading and investing! With their purview unlimited, SARS has confirmed their ability to receive information directly from local crypto asset exchanges. Empowered to open historic tax periods and conduct in-depth audits, SARS’ Specialised Crypto Unit is making great inroads into uncovering non-compliance at all levels. Read the full article here: https://bit.ly/4hqOBow

Tax Consulting South Africa

2/17/2025, 12:54:29 PM

Expats who left years ago may mistakenly believe they are free from South African tax obligations, only to face unexpected SARS queries upon their return. SARS has increased scrutiny on returning expats, and vague tax-related questions could lead to incorrect disclosures or deeper investigations into their financial affairs. Read the full article to understand how to ensure a compliant return to South Africa. https://bit.ly/4hWV6iJ

Tax Consulting South Africa

2/20/2025, 2:06:56 PM

As a business owner, you may need an independent review of your company’s financial statements to comply with Section 30 of the Companies Act 71 of 2008. This limited assurance engagement checks that your financials meet the International Standard on Review Engagements (ISRE) 2400 standards, offering credibility, error detection, and investor confidence - without the complexity of an audit. Companies with a specific performance indicator (PI) score or non-owner-managed structures require it by law, while others may choose it voluntarily. If you are unsure whether your company requires an independent review or how to proceed - contact Tax Consulting South Africa today. https://bit.ly/3CZT828

Tax Consulting South Africa

2/21/2025, 10:40:38 AM

Saudi Arabia and the UAE's national employment policies, Saudization and Emiratisation, are impacting many South African expatriates, forcing them to return home unexpectedly. With global income tracking becoming more stringent, South Africans returning home may face significant tax bills from SARS. It is essential to address these tax affairs promptly to avoid penalties. Learn more about how these changes could affect you by reading the full article here: https://bit.ly/3XcD3gv

Tax Consulting South Africa

2/25/2025, 2:37:57 PM

From 17 February 2025, trust representatives and tax practitioners must submit Trust Suspension of Payment (SOP) requests via eFiling, replacing the old manual process with a new online version. While this aligns with SARS’ broader strategy to enhance efficiency, system transitions of this nature do not always proceed smoothly. Technical glitches, processing delays, or increased scrutiny from SARS could create new challenges. Read the full article to understand how this shift impacts trusts and why professional guidance is key. https://bit.ly/4hXBwn2