South Africans Creating Offshore Wealth By Switching SA Life Policies To Dollar
Reflecting their bearish view on the rand, South African expatriates holding rand-denominated life policies are increasingly opting to convert their policies to the dollar, providing a hedge to the rand while exempting them from domestic estate tax.
10 Key Highlights from the 2022 Budget Speech
The Minister of Finance, Enoch Godongwana, delivered his maiden Budget Speech this afternoon. Discussed below are 10 key highlights from the 2022 Budget Review.
What Is Provisional Tax And When Do I Qualify For It?
During 2021, many South Africans were forced to start their own businesses to put food on the table, while others changed from traditional employees to contracted remote workers. Whether they retained a reduced salary or wholly embraced the responsibility of being an entrepreneur, it is important for these individuals to understand how the South African […]
The Close Of The 2021 Filing Season – Don’t Be Caught Off Guard
The current tax filing season is almost at an end. Many taxpayers have submitted their annual return to the South African Revenue Service (“SARS”), while others are scampering to submit their returns before the 23 November 2021 deadline.
NEWS | 12 TAX LAW CHANGES TO DISCUSS WITH YOUR ACCOUNTANT POST COVID-19
While the country was under lockdown, it appears SARS and National Treasury have been hard at work, using this time to refine the law in SARS’ favour.