Tax

More than 1 million taxpayers withdraw from their savings pot

The South African Revenue Service (SARS) wishes to announce that to date it has received 1,213,646 applications for tax directives for withdrawals from the Savings Withdrawal Benefit of the two-pot system.

Constitutional court ruling on ‘conduit principle’ and capital gains liability in multiple tiered Trust structure

The Commissioner for the South African Revenue Service (SARS) welcomed the Constitutional Court judgement handed down on 02 October 2024 by the Constitutional Court on the matter of The Thistle Trust v Commissioner of SARS.

Clarity on how multi-tier trust distributions of capital gains should be taxed

Tax authorities set their sights on remote workers and wealthy individuals

Digital nomads and high-net-worth individuals with investments in different tax jurisdictions should expect increasing scrutiny from tax authorities, according to Professor Jennifer Roeleveld, international taxation expert and President of the International Fiscal Association (IFA) South Africa.