B2B Central

SARS

11 Aug 2023

SARS overhauls trust returns: 5 major changes

By Staff Writer

By Sidney Fletcher TTP(SA) Senior Manager Trust and Deceased Estate Tax Compliance and Micaela Paschini Tax Attorney SARS has completely overhauled tax returns for trusts. Although this has been hinted at for a long time, the degree of overhaul is far from expected. he warning signs started late last year, when SARS published a notice under which...
24 Feb 2023

Budget 2023: No wealth tax, but trustees beware

By Staff Writer

SARS warned that it is increasing its focus on trusts following SARS’ analysis of tax compliance by trusts and beneficiaries.
10 May 2022

Tax non-residency letter – What to do when SARS rejects your application?

By Staff Writer

A rejection is usually based on a lack of documents and information presented to SARS in support of the application, or if one has not formally ceased their tax residency yet.
04 May 2022

SARS intensifies collaboration with international tax authorities to identify non-compliant South African taxpayers

By Staff Writer

The South African Revenue Service continues to make good its commitment to call non-compliant South African taxpayers to account, most recently collaborating with the Irish Tax Authority to identify South Africans operating Airbnb businesses in Ireland.
25 Feb 2022

Budget 2022: 10 Key Highlights

By Staff Writer

10 Key Highlights from the 2022 Budget Speech.
22 Feb 2022

Taking advantage of tax deductions on charitable donations can help make your giving more sustainable

By Staff Writer

FNB's Anne Klein highlights the importance of ensuring that the donation you make meets all SARS requirements and ensures that the organisation you are donating to is a section 30 and 18A registered PBO.
21 Feb 2022

3 Questions SA expats must ask about tax residency

By Staff Writer

The following three points are often where unqualified consultants stray from the cold hard facts of expat tax and give out erroneous advice.

21 Feb 2022

Give SMMEs a break to recover – Lets’ tax sensibly

By Staff Writer

SAB’s VP of Corporate Affairs Zoleka Lisa implores government to give SMMEs along its value chain a tax break.
18 Feb 2022

The ‘Silent’ changes affecting South Africans who are emigrating

By Staff Writer

Tax Consulting SA and Africorp Treasury discuss changes in the requirement of a SARS Tax Compliance Status (TCS PIN) for every capital transfer a Non-Resident/Non-Tax Resident makes to offshore.
17 Feb 2022

Non-Compliant Property Practitioners to soon be Practicing on Rented Time

By Staff Writer

President Cyril Ramaphosa has announced the commencement of the Property Practitioners Act (PPA) from 1 February 2022, with the Act expected to bring significant changes to the property sector.
16 Feb 2022

Tax non-residency and property in South Africa

By Staff Writer

Tax Non-Residents can acquire and sell South African immovable property in South Africa as there are currently no restrictions prohibiting them from doing so.

14 Feb 2022

Three ways SMEs can become tax Compliant in 2022

By Staff Writer

SMEs should adopt three strategies to help them get their tax affairs in order and avoid persecution by SARS.