Double tax warning for anyone with a retirement fund in South Africa
The first two-pot system withdrawal was submitted one minute into the new financial year, and South Africans are being reminded of the risks.
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The first two-pot system withdrawal was submitted one minute into the new financial year, and South Africans are being reminded of the risks.
SARS has upgraded its automatic exchange of information systems. From 1 March, it will cover 120 jurisdictions around the world.
Married couples in South Africa can now transfer twice as much money offshore without needing to get approval from SARS or the SARB.
Piet Nel – belastingkonsultant & Dr. Elna Moolman – hoof: finansiële markte, Standard Bank-groep Navorsing Ekonomie & Prof André Roux – ekonoom & programhoof: Toekomsstudies, Stellenbosch Bestuurskool.
Die onafhanklike belastingkonsultant, Piet Nel, deel sy mening oor wat vanjaar se begroting vir Suid-Afrikaanse belastingbetalers kan beteken.
Close to 400 000 beneficiaries notified their social grants are under review as oversight tightens.
As Sars tightens its net, automation and targeted focus are changing how the revenue service detects issues, enforces rules and encourages voluntary action.
SARS says over 50,000 taxpayers have ceased to be tax resident in South Africa over the past few years.
These taxpayers are warned that the 2026 provisional tax deadline is fast approaching, with the risk of penalties and interest if they fail to meet their obligations.
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