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The South African Revenue Service (SARS) has introduced several changes to this year’s Filing Season to make the process easier and smoother. The aim is to get it right the first time.
Filing season is almost here, and for most South Africans it is a moment they either ignore or dread. But if you have moved money offshore, hold foreign assets, or earn any income in a foreign currency, it is worth pausing before you accept an auto assessment or submit a return.
It is frequently assumed that if a tax deduction is valid, it makes little difference whether it is claimed in the current year or the next.
Carrying a substantial tax burden is rarely comfortable, whether in a business or personal capacity.
Are financial advisers ready for the combined impact of COFI and AI?