+ 086 111 1031 info@ctfsa.co.za

Latest News

Leaving South Africa? This is what you must know about tax

If you are planning on leaving South Africa, or have already left, there are key financial factors to consider regarding your South African tax status, says William Louw, director: South African tax at Sable International. And in a country with such a complicated, residence-based tax system, it pays to be informed. What tax emigration means…

Read More ›

Working from home – can you claim?

Business owners, sole proprietors, independent contractors and commission-based earners (if more than 50% of your annual income is commission-based) who are working from home have various tax deductions at their disposal. Salaried employees, on the other hand, regardless of working from home, are limited in their options to claim deductions for expenses incurred. However, all…

Read More ›

Overtime and remote working: What you need to know

Over the past six months, the Covid-19 pandemic has reshaped the way many organisations operate and how they manage their workforces. Many businesses were not well prepared for such a profound disruption to their normal working arrangements and it is only now that they are beginning to understand some of the consequences. The pandemic has…

Read More ›

Tax laws in the time of a disaster

Covid-19 provided a stark reminder that social interest must be balanced against human rights. “Good healthy democratic societies are built on fairness economic development and respect for human life.” – Kofi Annan The South African Institute of Chartered Accountants (Saica) held a day-long webinar on taxpayer rights on Tuesday, September 29. The first speaker was advocate…

Read More ›

What is the best way to spend my tax refund?

Putting it into an RA, settling debt, investing in a tax-free unit trust, or using it as a deposit for a money market account? Each year I receive a Sars refund, primarily driven by retirement annuity (RA) contributions and other items that I can claim based on my line of work. For illustrative purposes, let’s…

Read More ›

Shifting the Goalposts for South African Abroad

Government Holding on to South Africans’ Retirement Funds National Treasury published the Draft Tax Law Amendment Bill (“TLAB”) on 31 July 2020, with its accompanying Explanatory Memorandum. One proposed amendment that has stood out is the disallowance of South Africans who have exited South Africa’s tax base from withdrawing their retirement funds from South Africa until…

Read More ›

Surge in South Africans weighing up options to leave the country

The increased volatility driven by Covid-19 has pushed the steady growth in investment migration into overdrive, says global citizenship company Henley & Partners. The group’s South African firm reports a sharp increase in enquiries in Q3 compared to Q1 2020, with a nearly 50% increase in enquiries overall as the pandemic coursed around the globe….

Read More ›

Make Spring a time to review your financial plan

In South Africa, September 1 is known as Spring Day, signalling a change in season. Many people have an annual spring-cleaning ritual – they get rid of old or unused items, deep clean the house and do some general reorganising. This year has proved to be anything but ordinary, and apart from performing this usual…

Read More ›

The Corrupted – Stupid decisions

In post Zuma South Africa, we have been exposed to how extensive corruption has spread to all spheres of government. President Ramaphosa has long been venting his desire to have corruption rooted out of government and perpetrators arrested and charged. Now amid Covid 19 he has lamented about how the perpetrators of state capture, including…

Read More ›