South African seafarers, whose careers on cruise ships, geographical vessels or fishing vessels often take them across international waters, are currently experiencing a significant shift in how the South African Revenue Service (SARS) approaches their tax obligations. What was once a relatively straightforward process is now marked by intensified audits, refined questioning, and a request […]
Given the nature of finances, particularly the tax component of finances, it is fair to say that it is a complex and ever-changing part of life. No matter how up to date you think are, once you start relooking your tax obligations, you will probably find that things are never quite as rosy as they […]
During 2021, many South Africans were forced to start their own businesses to put food on the table, while others changed from traditional employees to contracted remote workers. Whether they retained a reduced salary or wholly embraced the responsibility of being an entrepreneur, it is important for these individuals to understand how the South African […]
The deadline to submit your annual income tax returns has passed. Whether you missed this deadline, or you were a bit unprepared for your last submission, it is a good time to start planning for the 1 March 2021 to 28 February 2022 tax year. Not only will you be prepared when time comes to […]
Life on the seas can be a lot of fun, especially if you are young, adventurous and up for a challenge. However, with all the excitement and the newness of being on a vessel, it is easy to lose track of your financial matters. Tax alone can be a tricky topic when you are working […]
The current tax filing season is almost at an end. Many taxpayers have submitted their annual return to the South African Revenue Service (“SARS”), while others are scampering to submit their returns before the 23 November 2021 deadline.
In search for opportunities abroad, many South Africans have taken to the seas. It might not be the same as working in a new country, but it offers a change of scenery while earning a foreign income.
The President, on 15 January 2021, assented to the Taxation Laws Amendment Act No. 23 of 2020 (“TLAA”), which was subsequently promulgated on 20 January 2021.
South African expatriates have been kept in suspense regarding a proposed law change aimed at providing relief to those who could not leave the country under lockdown.
The President has given effect to the 2020 tax proposals by signing three tax Acts into law. On 15 January 2021, the President gave his assent to the Rates and Monetary Amounts and Amendment of Revenue Laws Act No. 22 of 2020 (“Rates Act”), the Taxation Laws Amendment Act No. 23 of 2020 (“TLAA”) and […]