Tax Talk
Welcome to Tax Talk – your go-to space for insights, updates and expert commentary penned by our team. Here you’ll find articles on everything from the latest SARS regulations to smart compliance tips and tax-saving strategies.
Understanding Beneficial Ownership: Key insights for compliance
With the introduction of new requirements by the Companies and Intellectual Property Commission (CIPC), companies must ensure they accurately disclose information on beneficial owners to remain compliant.
SARS issues stern warning on crypto asset reporting
The South African Revenue Service (SARS) has issued a strong warning to all taxpayers holding digital currencies, underscoring that failing to declare crypto assets on tax returns will not be tolerated.
Thinking of saying goodbye to South African tax residency? Here’s what you need to know.
If you’re planning to officially cease your tax residency in South Africa, there are several key steps and requirements you’ll need to navigate. As more South Africans take their financial plans abroad, understanding SARS’s recent updates on tax residency is essential.
Galbraith Rushby warns clients of latest phishing scams this tax season
With tax season in full swing, Galbraith Rushby is urging clients to stay vigilant against a surge in sophisticated email and SMS phishing scams targeting taxpayers. These scams are increasingly convincing, mimicking legitimate communications from the South African Revenue Service
SARS leverages AI enhancements for the 2024 tax filing season
The 2024 tax filing season is upon us, and the South African Revenue Service (SARS) is leveraging advanced AI technologies to streamline the tax filing process. These advancements aim to enhance effectiveness, precision, and the overall user experience for taxpayers.
Splurging big while reporting small?
SARS intensifies lifestyle audits to combat tax evasion Ahead of Tax Season 2024, the South African Revenue Service (SARS) has stepped up its use of lifestyle audits to identify discrepancies between individuals’ reported income and their actual lifestyle. This move
Understanding the Two-Pot Retirement System: A new era in retirement savings
The concept of the ‘Two-Pot Retirement System’ is transforming the retirement savings landscape in South Africa. Designed to provide greater flexibility and financial security for retirees, this system addresses the limitations of traditional pension structures and offers a balanced approach