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Tax

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14 Jul 2020
When SARS unlawfully help themselves to your bank balance

By: Jashwin Baijoo, Tax Attorney at Tax Consulting South Africa Everybody knows that SARS is under collection pressure and they…

When SARS unlawfully help themselves to your bank balance

By: Jashwin Baijoo, Tax Attorney at Tax Consulting South Africa Everybody knows that SARS is under collection pressure and they have grown rather fond of appointing 3rd parties, such as banks, to recover outstanding tax debts directly, which leaves taxpayers stunned. This is a quick and effective debt recovery measure,…

21 May 2020
Debunking the 5 top myths of offshore investment

South African investors should be looking to invest in offshore markets to mitigate the risk of a shaky economy and…

Debunking the 5 top myths of offshore investment

South African investors should be looking to invest in offshore markets to mitigate the risk of a shaky economy and a volatile currency, but many are being held back by misconceptions which prevent them from fully exploring their retirement and financial planning options. Tim Mertens, the chairman of Sovereign Trust…

13 Apr 2020
SA’s Proposed Covid-19 Disaster Management Tax Relief

The National Treasury recently issued the draft Disaster Management Tax Relief Bill (Bill) for public comment by 15 April. The…

SA’s Proposed Covid-19 Disaster Management Tax Relief

The National Treasury recently issued the draft Disaster Management Tax Relief Bill (Bill) for public comment by 15 April. The draft Bill, together with its explanatory memorandum, provides clarity with regards the tax relief measures President Cyril Ramaphosa announced on 23 March.

06 Apr 2020
What tax relief measures are available as a consequence of COVID-19?

Exceptional tax measures have been announced as part of the fiscal package that was presented by the President in his…

What tax relief measures are available as a consequence of COVID-19?

Exceptional tax measures have been announced as part of the fiscal package that was presented by the President in his speech on the Escalation of Measures to Combat COVID-19.

01 Apr 2020
COVID-19 tax relief – good intentions with bad results?

Following President Cyril Ramaphosa’s announcement of fiscal relief for certain taxpayers, in light of other measures imposed to combat the…

COVID-19 tax relief – good intentions with bad results?

Following President Cyril Ramaphosa’s announcement of fiscal relief for certain taxpayers, in light of other measures imposed to combat the COVID-19 crisis, National Treasury published explanatory notes on 29 March 2020, which outline exactly how the tax system will be used to ease financial distress during these times.

29 Mar 2020
Tax measures to combat COVID-19

The Minister of Finance has announced the following exceptional tax measures as part of the fiscal package outlined by President…

Tax measures to combat COVID-19

The Minister of Finance has announced the following exceptional tax measures as part of the fiscal package outlined by President Cyril Ramaphosa on 23 March 2020 in his speech on the Escalation of Measures to Combat COVID-19.

28 Feb 2020
National Treasury takes a view on financial emigration

Not surprisingly, there has been an outflow of South Africans in recent years for various reasons, a top reason being…

National Treasury takes a view on financial emigration

Not surprisingly, there has been an outflow of South Africans in recent years for various reasons, a top reason being the punitive “expat tax” regime promulgated in December 2017, and effective 1 March 2020.

27 Feb 2020
Good budget, but risky strategy

Finance Minister Tito Mboweni appears to have managed the almost impossible, presenting a budget in which there are not only…

Good budget, but risky strategy

Finance Minister Tito Mboweni appears to have managed the almost impossible, presenting a budget in which there are not only no increases in taxes, but for the first time in years, also full inflation adjustments for bracket creep, which should inject R14 billion into the economy.

26 Feb 2020
BUDGET 2020 – Reaction: Speech aims to win back investor confidence

Minister Tito Mboweni walked the tightrope in delivering his Budget Speech 26 February 2020.

BUDGET 2020 – Reaction: Speech aims to win back investor confidence

Minister Tito Mboweni walked the tightrope in delivering his Budget Speech 26 February 2020.

26 Feb 2020
BUDGET 2020: No major tax increases in an effort to support growth

The tax proposals for the 2020 Budget aim to support a recovery in economic growth, with some relief at the…

BUDGET 2020: No major tax increases in an effort to support growth

The tax proposals for the 2020 Budget aim to support a recovery in economic growth, with some relief at the level of personal income tax, the Budget Review document states. They result in no overall change to tax revenue in 2020/21.