Explore the Category
The South African Institute of Taxation (SAIT) welcomes the National Treasury’s decision to partially withdraw the proposed repeal of Section 10(1)(gC)(ii) of the Income Tax Act, a move that safeguards South Africa’s attractiveness as a retirement destination and mitigates potential harm to the local economy.
The Global Anti-Base Erosion (GloBE) Rules were adopted on 8 October 2021 by over 135 member countries of the so-called Inclusive Framework in co-operation with the Organisation for Economic Co-operation and Development (OECD) and the G20 countries.
It is estimated that currently, close to 915 000 South Africans live (and work) abroad. Sharon Hamman, Senior Legal Adviser at Momentum Distribution Services, says many of these South Africans assume they are exempt from paying tax locally, but the reality is more complex.
The South African Institute of Taxation (SAIT) welcomes the release of the Office of the Tax Ombud’s (OTO) draft systemic investigation report into SARS eFiling profile hijacking, which exposes the alarming rise in sophisticated fraud targeting tax practitioners and taxpayers alike.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?