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Leaving SA for international pastures? What you need to know about tax emigration

31 May 2023 | Tax

According to the South African Revenue Service (SARS), over 40 500 taxpayers have ended their tax residency in South Africa over the past five years, as they seek out new opportunities abroad.

7 new questions trust beneficiaries must know when SARS asks

24 May 2023 | Tax

There are two significant SARS changes in the past 6 months impacting South Africans both local and anyone abroad on trusts, which directly impacts the beneficiaries of a trust.

Taxpayers’ right to a refund from SARS

19 May 2023 | Tax

The South African Revenue Service (SARS) is obliged to refund a taxpayer in two instances. First, if an amount is properly refundable to a taxpayer under a tax Act and reflected in an assessment. Second, where an amount is erroneously paid to SARS in excess of the amount payable under an assessment.

Keep your section 18A receipts compliant and your donors happy

19 May 2023 | Tax

Public Benefit Organisations (PBO) that carry out certain qualifying public benefit activities may register with the South African Revenue Service (SARS) under section 18A of the Income Tax Act, 1962. A PBO registered under section 18A must issue a receipt to any person making a donation in cash or property in kind.

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