News

High-Wealth Individuals and Crypto Traders High on SARS’ Hit-List Jaswhin BaijooAssociate Director and Head of Strategic Engagement & Compliance Law & LLB) FEATURED IN: SARS has confirmed its compliance radar is focused on both High-Wealth Individuals and taxpayers engaging in cryptocurrency related transactions for the next fiscal year! Both taxpayer segments have been a recurring …

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SARS Achieves Record Gross Collections of R2,303 Trillion for the 2024/25 Fiscal Year! Jaswhin BaijooAssociate Director and Head of Strategic Engagement & Compliance Law & LLB) FEATURED IN: SARS confirmed record highs on a number of fronts in its Revenue Announcement which took place on 01 April 2025. This included taxpayer compliance behaviour, improved voluntary …

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SARS Allocated R7,5 Billion Budget to Bolster Crackdown on Non-Compliance Jaswhin BaijooAssociate Director and Head of Strategic Engagement & Compliance Law & LLB) FEATURED IN: The 2025 Budget Speech, which finally took place on 12 March 2025, confirmed R7.5 billion to be allocated to resourcing of the South African Revenue Service (SARS), aimed at “broadening …

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SARS Preying on Personal Liability – Constitutionality Confirmed! Jaswhin BaijooAssociate Director and Head of Strategic Engagement & Compliance Law & LLB) Micaela PaschiniTeam Lead: Tax Legal FEATURED IN: The Constitutional Court judgement in Greyvensteyn v Commissioner for SARS and Others has been welcomed by SARS! Serving to reaffirm the constitutionality of SARS holding individuals personally …

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SARS Specialised Crypto Unit Cracks Down on Non-Compliance Jaswhin BaijooAssociate Director and Head of Strategic Engagement & Compliance Law & LLB) Micaela PaschiniTeam Lead: Tax Legal FEATURED IN: SARS have unearthed a new source of tax revenue collection – cryptocurrency trading and investing! With their purview unlimited, SARS has confirmed their ability to receive information …

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SARS’ Say Extends to Approving and Removing Public Officers for South African Companies Jaswhin BaijooAssociate Director and Head of Strategic Engagement & Compliance Law & LLB) Tasneem PandorCIPC Secretary Compliance Law & LLB) FEATURED IN: Business-critical update – annual tax law amendments result in the requirement for the immediate appointment of a Public Officer, upon …

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SARS Debt Write-Offs – The Gift that will Keep on Giving in 2025 Jaswhin BaijooAssociate Director and Head of Strategic Engagement & Compliance Law & LLB) Junaid BhaylaAdmitted Attorney (BCom Law & LLB) FEATURED IN: What Happens If You Owe SARS Money Where a tax debt is rightfully due to SARS, the Debt Management Division …

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Understanding South Africa’s Exit Tax and the Proposed Tax on Retirement Interests Mbalenhle MahlabaExpatriate Tax Specialist (BCom Law & LLB) FEATURED IN: A misunderstanding of certain sections in the Income Tax Act has many South Africans who moved abroad and ceased tax residency, worried that they will also be liable to pay Capital Gains Tax …

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Expats should not have to wait unduly long for their SA funds to be transferred offshore An elderly South African expatriate who has been living in Spain for close to a decade, faced one hurdle after the other over the past two years while trying to transfer his annuity funds from South Africa – which …

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NEW STUDY REVEALS CONCERNING TREND AMONG TAX PROFESSIONALS SIGN UP TO RECEIVE A FREE COPY OF THE SURVEY RESULTS A recent survey conducted by the Professional Partner Network (PPN), revealed an alarming trend in the tax profession. It found that just over two thirds of tax practitioners would opt to self-learn the performance of a …

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