3 top emigration destinations for South Africans – and how to get there
Research has shown that there’s been a significant increase in emigration over the past five years, especially amongst high-net-worth and ultra-high-net-worth South Africans. Political instability, safety and security, education, volatile currency or the lack of job opportunities in South Africa are some of the reasons why South Africans are increasingly looking to emigrate, says Ralph […]
104 countries you can travel to visa-free on a South African passport at the start of 2022
Henley & Partners has published its passport index for 2022, outlining the countries that South Africans can travel to visa-free right now – and how the pandemic has impacted international travel. Without taking evolving and temporary Covid-related restrictions into account, the report shows that Japan and Singapore have the strongest passports in the world and […]
South Africa is getting a new ID system – how it will work
Government is in the process of developing the new National Identity System (NIS), which will replace the current National Population Register and become the backbone of all Home Affairs functions in South Africa. The system, which is expected to be operational by March 2024, will enable the security and reliability of civic and immigration status […]
How changes to South Africa’s value-added tax affect compliance among small firms
Taxes “are the dues that we pay for the privileges of membership in an organised society”. As the quote from US president Franklin D Roosevelt in 1936 suggests, governments across the world need to collect tax revenue to be able to provide public goods and services to their citizens. There are a number of forms […]
New vaping rules and taxes planned for South Africa
The National Treasury has published a discussion paper outlining a proposal on the taxation of electronic nicotine and non-nicotine delivery systems (ENDS). This follows signals from the government in its previous two budget speeches that it plans to start taxing these two products. “ENDS are part of new generation products that have been introduced in […]
New SARS change could be a ‘trojan horse’, say tax experts
The South African Revenue Service (SARS) recently began sending out letters to taxpayers working abroad, confirming their change in status to non-residents for tax purposes. This is a somewhat peculiar development for expatriates who have previously ceased their tax residency, as they are now requiring an additional step to objectively support their non-residency as issued […]
I’m moving to Singapore for work. Will I be taxed there and exempt from SA tax?
I’m moving to Singapore on a local permanent contract, and I’m struggling to understand how I will be taxed. Will I be taxed there in the relevant tax bracket and then be exempt from SA tax because I am there for more than 183 days per annum? Is the double taxation treaty still valid? Or […]
Tax increases and other measures to help fund South Africa’s proposed basic income grant
South Africa will need to consider tax increases and other adjustments if it is to fund a new basic income for working-age individuals between the ages of 18 and 60 in South Africa. A panel of experts has recommended the country gradually implement a basic income grant, beginning with the institutionalisation of a monthly welfare […]
Home office for tax purposes in South Africa
In a year where Covid has been rampant and many of the working conditions have changed, there should be some account of the additional costs incurred by taxpayers for working from home. Marty SantanaTaxpayers can claim a tax deduction if they have worked from home for more than half of their total working hours or […]
SARS to introduce retirement fund tax changes in 2022
South African taxpayers who receive income from retirement funds and other sources will see changes in the monthly taxes they pay in 2022. The South African Revenue Service (SARS) said it will introduce changes to its systems from 1 March 2022 to prevent taxpayers who receive income from more than one source – where one […]
