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.
Thinking of saying goodbye to South African tax residency? Here’s what you need to know. Read More »
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. Michael Rushby, Managing Director of tax and audit firm Galbraith Rushby, provides an overview of
SARS leverages AI enhancements for the 2024 tax filing season Read More »
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 aims to ensure that all taxable income is accurately declared to combat tax evasion. What
Splurging big while reporting small? Read More »
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 to retirement planning. Michael Rushby, Managing Director of Galbraith Rushby, a leading tax and auditing
Understanding the Two-Pot Retirement System: A new era in retirement savings Read More »
