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Tax implications of working overseas

08 August 2018 | Tax

It is a common misconception that if a South African is living and working overseas they do not have to pay any South African income tax on their earnings.

Dispute Frustrations - SARS suffers Motion sickness

24 July 2018 | Tax

A trend of increased delays and frustration with the South African Revenue Service’s (SARS’) dispute resolution process, are becoming apparent among taxpayers and tax practitioners alike.

Investors in unit trusts could expect more taxes

23 July 2018 | Tax

In the recently published draft Taxation Laws Amendment Bill (draft TLAB), Treasury appears to have taken a tough and inflexible stance in addressing the ongoing industry debate on the income tax treatment of disposal of assets within a Collective Investment Scheme (CIS) – commonly known as a unit trust. Unfortunately, it now seems as though the individual unit holders are likely to bear the brunt of the proposed amendment.

SARS creates tax loopholes

18 July 2018 | Tax

When is a SARS Tax Court case win a loss for the fiscus? After the recent SARS court case, dealing with the taxable income of foreigners working in South Africa, it is hard to argue that no-one is working harder than SARS to create tax loopholes for expatriate employees. If SARS disagrees, it may consider appealing their own win to reset the well-established principles and balance of international and South African tax law applicable to foreigners working in South Africa.

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