Ramaphosa signs big tax changes for South Africa into law
President Cyril Ramaphosa has signed a new tax law that gives the South African Revenue Service (SARS) greater powers while also providing taxpayers with important avenues for relief.
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President Cyril Ramaphosa has signed a new tax law that gives the South African Revenue Service (SARS) greater powers while also providing taxpayers with important avenues for relief.
Taxpayers living in this small rural municipality earn more on average than residents in some of the country’s biggest and wealthiest cities.
A financial adviser provided ways for South Africans to reduce the tax they have to fork over to SARS.
New laws targeting foreign retirement funds are still on the cards for South Africa, while SARS is also expected to crack down on local trusts.
The South African Revenue Service (SARS) is set to roll out major changes for South Africa’s largest diesel users.
South Africans who have moved abroad are facing new rules when trying to move money out of the country.
Wealthy South African expatriates are facing stricter enforcement and fewer exemptions as SARS tightens its grip on compliance and targets higher revenue collection.
South African VAT vendors have been reminded of the new compliance rules, which include mandatory VAT apportionment reporting to SARS.