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The South African tax landscape is ever-evolving, however, the most change has occurred in the last decade from a SARS and regulatory compliance perspective.
Expatriate tax is complex, intricate and can be challenging to understand – especially if one does not have the basics, such as what is an expat, down pat.
When considering SARS’ well-known “Strategic Intents” one can easily see the implementation of the “Beneficial Ownership Register” by the Companies and Intellectual Property Commission (CIPC) as a precursor for SARS’ international crackdown on non-compliance.
The South African Revenue Service (SARS) announced that tax season opens on Friday, 7 July and will close on Monday, 23 October 2023. Tax season brings with it an opportunity to possibly getting a tax refund rather than being surprised with a big amount owed to SARS.
Are financial advisers ready for the combined impact of COFI and AI?