Tag Archivestax

denver_BW_1

What you need to know about proposed tax changes in the investment industry

By Denver Keswell, Senior Legal Advisor at Nedgroup Investments. Access to Preservation funds upon formal emigration The definition of a retirement annuity (RA) allows a member to withdraw their full benefit prior to reaching retirement – provided they have formally emigrated from South Africa and that emigration is recognized by the South African Reserve Bank […]

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Tim Mertens, the chairman of Sovereign Trust SA

Why you should inform SARS that you’re emigrating

A growing number of South African expatriates risk falling foul of local tax laws because they don’t understand the concept of financial emigration, and therefore don’t act on it. (more…)

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Carrie-Furman1

Don’t get caught short this tax season

With the tax season deadlines brought forward by a month this year, it’s time to get your supporting documents ready and to do your return, urges Allan Gray’s Carrie Furman, who answers your tax questions. (more…)

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Melissa Brink of Bravura

South African tax law and exchange control have different requirements

Melissa Brink, a Structured Solutions analyst at Bravura, an independent investment banking firm specialising in corporate finance and structured solutions, explains the importance of determining whether a natural person is a resident of South Africa. (more…)

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Eric Madumo, Webber Wentzel

SARS prescription only starts once tax return has been submitted

By Eric Madumo, Candidate Attorney and Joon Chong, Partner at Webber Wentzel In the recent case of CSARS v Char Trade, the Supreme Court of Appeal (SCA) that prescription begins to run against CSARS when a return for secondary tax on companies (STC) is submitted to SARS by a taxpayer. (more…)

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Tertius Troost

Investors in unit trusts could expect more taxes

In the recently published draft Taxation Laws Amendment Bill (draft TLAB), Treasury appears to have taken a tough and inflexible stance in addressing the ongoing industry debate on the income tax treatment of disposal of assets within a Collective Investment Scheme (CIS) – commonly known as a unit trust. Unfortunately, it now seems as though […]

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budgettaxsq

Tax and SARS – do you understand the understatement penalty behaviours?

By Esther Geldenhuys, senior associate at Werksmans Attorneys  (more…)

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Get a digital tax health score to help you pay less tax

TaxTim, which helps you to complete and file your tax returns online with the help of a digital tax expert called Tim, now offers a personalised tax health score report free which could help users pay less tax. The score is the result of an in depth automated analysis of an individual’s tax return. It […]

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