News

SARS Moves to Limit Donation Tax Loophole for Departing High-Net-Worth Individuals Government and the South African Revenue Service (SARS) have moved decisively to shut down a tax planning strategy, particularly involving high-net-worth individuals preparing to cease their South African tax residency, by using the current donations tax exemption between spouses to avoid their full income […]

Why South Africa’s Concentrated Tax Base Matters to SARS and Policymakers Each year around Budget time, attention turns to how South Africa funds its public spending and without question the narrative resurfaces of a small percentage of taxpayers footing a disproportionate share of personal income tax (PIT). READ MORE Asamkele TyalaExpatriate Tax Support Specialist Chrispos

New Banking and Tax Rules Impact Receiving and Remittance of Rental Income for Foreign Property Owners in South Africa Foreign nationals who own fixed property in South Africa and derive rental income from it, are increasingly facing new compliance hurdles when accessing or transferring those funds. Recent feedback from multiple South African banks indicates the

Where Do You Stand with SARS? Why a Tax Diagnostic Review is the Best New Year’s Resolution for 2026 As we step into 2026, there is no better time for taxpayers to gain clarity on their exact standing with the South African Revenue Service (SARS). Many individuals assume their tax affairs are in perfect order,

Provisional Tax Deadline Looming: What South Africans Must Know As the 2026 provisional tax deadline approaches, thousands of South Africans are searching for clarity: What must I submit? What has changed? How do I avoid penalties & interest? These questions matter because for taxpayers earning income outside traditional employment, provisional tax is a non-negotiable responsibility

Renounced South African Citizenship? You May Still Be Taxable in the Eyes of SARS With the South African Revenue Service (SARS) expected to crack down on individual expats who remain non-compliant, South Africans living abroad and who have renounced their South African citizenship should take note that this step does not automatically end their tax

Planning to Emigrate in the New Year? Start Preparing Now Before the Festive-Season Slowdown Hits As the year draws to a close, many South Africans begin preparing for international relocation at the start of the new year, yet the administrative side of emigration, particularly ceasing South African tax residency is often more complex than anticipated.

SARS Will Soon Know About Every Foreign Property You Own — Are You Prepared? The South African Revenue Service (SARS) is about to gain unprecedented visibility into your offshore life. A new global tax agreement means SARS will soon automatically receive detailed information about every foreign immovable property owned by South African taxpayers across more

How SARB’s New Rules Affect the Transfer of South African-sourced Income Abroad At the end of October 2025, the South African Reserve Bank (SARB) introduced material changes to the processing of cross-border income transfers. While intended to reinforce compliance and enhance alignment between SARB and the South African Revenue Service (SARS), these measures mean that

During a virtual meeting of the Standing Committee on Finance on 4 November 2025, Chris Axelson, a Deputy Director-General at National Treasury, announced that the proposed amendment in the draft Taxation Laws Amendment Bill (TLAB) to delete section 10(1)(gC)(ii) of the Income Tax Act No. 58 of 1962, is withdrawn. The decision comes as National