LATEST NEWS

Fred Akal

Jun 12, 20232 min read

CAUGHT BETWEEN TAX EMIGRATION PROCESSES

On 24 April 2023, SARS launched the new AIT process… A SAICA webinar with Piet Nel and Mark Kingon (SARS), had Mark hinting that all...

TAX EMIGRATION FROM SOUTH AFRICA - New Process

Fred Akal

Jun 12, 20232 min read

TAX EMIGRATION FROM SOUTH AFRICA - New Process

EMIGRATION PROCESS HIGH LEVEL – The Bank redirect you to SARS We often forget or take for granted that South Africans are subject to...

I DIDN’T EMIGRATE CORRECTLY - TAX EMIGRATION DEMYSTIFIED

Fred Akal

Oct 10, 20222 min read

I DIDN’T EMIGRATE CORRECTLY - TAX EMIGRATION DEMYSTIFIED

There are two scenarios to exit South Africa as a tax resident: 1. In case of death, and be subjected to estate duty, and 2. ...

Tax Implications for South African Expats

Fred Akal

Sep 5, 20220 min read

Tax Implications for South African Expats

How many days do I need to work abroad to be eligible for the 183 days exemption?

Fred Akal

Sep 5, 20222 min read

How many days do I need to work abroad to be eligible for the 183 days exemption?

Article : ‘183 days rule’ changes for South Africans working abroad Interpretation Note 16 (Issue 4) – dated 28 June 2021 ACT : ...

Looking for the latest updates from SARS? What's NEW at SARS Tool.

Fred Akal

Aug 24, 20221 min read

Looking for the latest updates from SARS? What's NEW at SARS Tool.

Often, we are challenged in our SARS communications and applications - However, today was like a fresh breeze flowing through, when I...

Tax Emigration -What documentation should be provided? Ceasing to be a tax resident in South Africa.

Fred Akal

Jun 7, 20223 min read

Tax Emigration -What documentation should be provided? Ceasing to be a tax resident in South Africa.

If the declaration is made on the income tax return (ITR12), you will receive a request for supporting documents to substantiate the...

No longer a tax resident in South Africa - How do I declare to SARS

Fred Akal

May 26, 20222 min read

No longer a tax resident in South Africa - How do I declare to SARS

The taxpayer must inform SARS by way of one of the following two channels: If a taxpayer ceased to be a tax resident of South Africa, the...

Fred Akal

Sep 30, 20212 min read

Mass Exodus – Sort out your tax compliance profile when emigrating…Tax Emigrate

A recent article in Business Tech on 15 September 2021 indicated a mass exodus by key earners as more of the country’s skilled...

THE FUTURE OF TAX EMIGRATION FROM SOUTH AFRICA (Part 2)

Fred Akal

Feb 22, 20212 min read

THE FUTURE OF TAX EMIGRATION FROM SOUTH AFRICA (Part 2)

Income Tax A recent letter from SARS to an emigration candidate asked for 12 months of bank statements from ALL banks preceding...

THE FUTURE OF TAX EMIGRATION FROM SOUTH AFRICA (Part 1)

Fred Akal

Feb 10, 20212 min read

THE FUTURE OF TAX EMIGRATION FROM SOUTH AFRICA (Part 1)

I have written a few articles on tax and financial emigration. It is a complex process, involving different stakeholders like SARS, the...

TAX EMIGRATION BY MARCH 2021 – AND WHY YOU NEED EXPERTS

Fred Akal

Jan 15, 20213 min read

TAX EMIGRATION BY MARCH 2021 – AND WHY YOU NEED EXPERTS

If you have been following the latest development on tax emigration outlined in the points below, those should not just encourage South...

Fred Akal

Dec 17, 20202 min read

EMIGRATION PROCESS - A NEW LEVEL

The emigration process is changing. From a Tax emigration point of view, 28 February 2021 is ‘allegedly’ the last date of emigration from...

TAX EMIGRATION - COUNTDOWN FOR RISK MANAGEMENT TEST

Fred Akal

Oct 19, 20202 min read

TAX EMIGRATION - COUNTDOWN FOR RISK MANAGEMENT TEST

A look at the Budget Speech Review - 2020 issued on 26 February 2020 by the National Treasury, and changes are expected in little under 5...

Fred Akal

Aug 13, 20202 min read

SARS NEW AUTO ASSESSMENTS

It is without doubt that the age of technological advances lends itself to automation. One such automation is the proposed SARS Income...

Fred Akal

Apr 30, 20201 min read

PAYE: COVID-19 DEFERMENT OF TAXES

With cash flows being an issue for many businesses, it is important to draw clients' attention to a deferment allowed by SARS. This will...

Fred Akal

Apr 29, 20203 min read

VAT - COVID-19 DEFERMENT OF TAXES

With many businesses being closed and costs continually mounting, the largest challenge for business owners is that of cash flow strains....

TAX RELIEF – PRESIDENT SPEECH 21 APRIL 2020

Fred Akal

Apr 22, 20201 min read

TAX RELIEF – PRESIDENT SPEECH 21 APRIL 2020

Of immediate interest, with companies under severe cash flow stress and receiving little to no income with the current lock-down...

Fred Akal

Apr 16, 20202 min read

Payroll - Getting it right

Payroll is typically the single biggest expense for most businesses, and it can be hard to get it right consistently. Below are some...

COVID19 TERS Claims - Keep your business going

Fred Akal

Apr 7, 20202 min read

COVID19 TERS Claims - Keep your business going

The spread of the COVID-19, and the attempts to slow it down, have presented some of the most unique challenges to business owners and...