Tax

Financial emigration - do the costs and complexities warrant the benefits

South Africa’s “expat tax” and its potential implications have caused a great deal of hype (largely based on inaccurate information), resulting in many clients looking to financial emigration as a means of resolving their issues around paying tax in South Africa on income earned offshore.

SA Draft Tax Laws Amendment Bill 2020

SARS to “name and shame” tax dodgers

It seems the SARS Commissioner had an epiphany – make an example of delinquent taxpayers so others will fall in line. Apparently, following SARS’ media briefing on 30 July 2020, this is a deterrence tactic SARS will use in the coming filing season.

Income tax shock may loom for companies that miss dividend payments

Cash-constrained companies faced with scheduled dividend payments could find themselves and their preference shareholders in further financial straits if they do not act swiftly. Missing a dividend payment without renegotiating preference share terms could have devastating income tax implications.