A nightmare situation for many South African taxpayers is discovering after their year-end tax assessment that the PAYE they paid on various income streams during the year was not enough. The result is a substantial tax debt, which can often not be settled in time to prevent hefty late payment penalties and interest. To avoid …
Multiple Income Streams? The PAYE Dangers and a New Option for Pensioners Read More »
Your will lies at the heart of ensuring that your loved ones will be able to cope financially once you are gone, so it is of course vital that it be both valid and an accurate reflection of your wishes. A little-known danger in this regard is that you might inadvertently disqualify one or more …
Don’t Accidentally Disqualify Your Chosen Heirs from Inheriting! Read More »
Another channel has been made available to taxpayers to inform SARS that they are ceasing to be tax residents. While this might make it seem a simple matter to break South African tax residency, the reality is that doing so requires comprehensive understanding of the implications and careful planning, whether for a person, a trust …
