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UK tax crackdown hits SA expats’ global wealth

Nicola Mawson|Published 1 month ago

Among those is the removal of the VAT exemption for private school fees, increases in some rates of capital gains tax and stamp duty land tax, and the extension of energy profits levy on the oil and gas sector.

No tax twists for trusts: 2025 Budget delivers good news

Nishtha Bhoola|Published 1 month ago

This year, trusts may find themselves at a crossroads, balancing between opportunity and challenge.

Maximising tax-efficient investments following the Budget

Rita Cool|Published 1 month ago

As the government seeks to bolster revenue generation through increases in VAT and fiscal drag by keeping the tax brackets unchanged for two years, investors are ...

Experts concerned over 'tax creep' as interest rates remain the same

Ashley Lechman|Published 1 month ago

Tax bracket creep occurs when your salary increases due to inflation, but tax brackets are not adjusted accordingly.

Proposed VAT increase could push South Africans deeper into debt crisis

Ashley Lechman|Published 2 months ago

Financial experts warn that a potential VAT increase could devastate South African households already struggling with rising living costs and mounting debt. The ...

Budget: Tax adjustments, AI implementation, and trade relations under spotlight

Ashley Lechman|Published 2 months ago

Finance Minister Enoch Godongwana's upcoming Budget Speech is set to address crucial tax adjustments, AI implementation in tax collection, and international trade ...

Tax Evasion: the silent killer of youth-led businesses in South Africa

Opinion|Published 3 months ago

FinScope data indicates that a considerable 30% of SMMEs owners today are 35 years or younger, underpinning the role that the youth play in building a resilient ...

Shauwn Mkhize's Durban home raided amid tax evasion allegations

Ashley Lechman|Published 5 months ago

South African socialite Shauwn Mkhize faces legal scrutiny as her home is raided by authorities over alleged unpaid taxes amounting to R37 million.

New regulatory and tax framework looms for South Africa’s Collective Investment Schemes

Philippa Larkin|Published 5 months ago

Proposed COFI Bill and tax model aim to reshape the R3. 36 trillion CIS industry and hedge fund sector for growth, transparency and investor protection.

VAT refunds rise to R342. 9bn but still lag behind estimates

Given Majola|Published 6 months ago

This impressive figure, however, has come under scrutiny as it was R7. 9bn short of expected estimates, prompting discussions about the balance between efficient ...

Warning to expats: check your tax non-residency status

Supplied|Published 8 months ago

Where their tax affairs are not in order, the consequences can range from a full SARS audit, SARS additional tax assessments being raised without prior knowledge, ...

Tax doesn’t have to be taxing – a tax refund may be on the horizon

Opinion|Published 9 months ago

A tax refund is forthcoming when the tax you paid during the tax year exceeds the tax actually due and payable.

Sars announces start of the 2024 eFiling tax season

Ashley Lechman|Published 10 months ago

Auto-assessments for an expanded pool of taxpayers will run from July 1 to 14, 2024.

Sars will tax you on overseas investments, but you can mitigate its impact

Opinion|Published 1 year ago

Dividends received by shareholders in foreign companies, for instance, are taxable at a maximum effective rate of 20%.

Sars sets deadline for provisional taxpayers, including trusts as January 24, 2024

Staff Reporter|Published 1 year ago

In a statement, Sars said the 2023 year of assessment refers to the period between March 1, 2022 and February 28, 2023.

Your investment and retirement questions answered

Sponsored Content|Published 1 year ago

Send your queries and questions to personalfinance@inl. co. za. This month’s questions answered by PSG Wealth

Sars’ APN implementation will impact import payments

Staff Reporter|Published 1 year ago

Many importers, already frantically trying to meet end-of-year orders, will feel that the changes are yet another complication in what can already be a complex space. ...

Potential VAT increase a double-edged sword, says tax expert at SAIPA

Opinion|Published 1 year ago

A VAT increase has obvious benefits for the National Treasury, primarily in terms of generating additional revenue.

How will Godongwana finance the R15 billion revenue shortfall?

Dieketseng Maleke|Published 1 year ago

This comes after the National Treasury during the 2023 Medium-Term Budget Policy Statement (MTBPS) said that Finance Minister Enoch Godongwana will propose tax measures ...

Taxpayers’ trust in Sars has dipped: PwC report

Dieketseng Maleke|Published 1 year ago

An increasing number of South African taxpayers’ trust in the South African Revenue Service (Sars) has dropped, even though they said they believed that the quality ...