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Panic, Uncertainty About Expatriate Tax

Panic, Uncertainty About Expatriate Tax

Tax practitioners say their clients remain panicked and concerned about the ‘expat tax’, despite National Treasury adopting a relatively softer stance. “I see a lot of panic coming our way,” Bari Duvenhage, personal tax specialist at Regan van Rooy, told delegates at the Tax Indaba. She says expats are unsure how it will impact their…

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Tax deductions on rental income

Costs

This article first appeared in the 2nd quarter 2018 edition of Personal Finance magazine. All income from property investments, including rental income, must be declared to the South African Revenue Service (SARS) and is subject to income tax. In preparation for tax season, you can begin gathering all the supporting documents that are needed to…

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SARS Audit: How to Survive

The recent developments at the South African Revenue Service (SARS) promise to cause a shake-up for many unsuspecting taxpayers. They are short on budget and the general perception is that there has been a lapse in taxpayer morale. The SARS audit teams will undoubtedly start in earnest with the targeting of taxpayers to see how…

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Taxpayers remain responsible for their tax affairs

Salary

Several taxpayers have in recent times learnt the hard way that they ultimately remain responsible for their tax affairs. They have been named and shamed and fined for not filing their tax returns, in many instances multiple returns over several years. Many have made use of accountants and tax practitioners to assist them with their affairs….

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If a SARS debt collector calls you, call us

Phones

In a bid to tighten every loose thread in the tax collecting net, SARS have appointed eight debt collection agencies, focussed mainly on smaller and long outstanding monies owed to SARS. If you are contacted by any of these agencies, typically by email or sms, we recommend that you call or email us without delay….

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Turnaround time at SARS

Tax SARS

With the annual tax filing season well underway, the South African Revenue Service (SARS) seems to be pulling all the stops to get back on track and to collect taxes in an efficient and effective way, says Ettiene Retief, Chairman of the National Tax and SARS Committee at SAIPA. The near disastrous changes to the…

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