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2024 South African Tax Return Filing Season

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General, South Africa
Tax filing season is upon us again. “Why should I bother checking my auto assessment tax return? It must be right.” Please don’t be fooled. Often SARS have the incorrect info and you may be able to get back more than you expected. If you have to file your own assessment then please also remember…
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What to do when facing uncertainty in South Africa

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General, South Africa
It is often at times of unrest or potential political change that South Africans step back and assess their situation! So, what can you do? Option One – Emigration Emigration is certainly an option and hundreds of thousands of South Africans have taken this route in the last few decades. We won’t go into this…
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The End of Non-Domicile Status: A Complete Taxation Overhaul

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General, United Kingdom
In a significant announcement during this year’s UK Budget Speech, the Chancellor declared the imminent abolition of the longstanding “non-domicile” status, a key part of UK tax policy for over two centuries. This transformative decision signals a fundamental shift in the UK’s approach to taxation, highlighting the introduction of a new tax regime based on…
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Returning to South Africa? Give some thought to the tax consequences

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General, South Africa, Tax Emigration
There have been several articles recently on increasing numbers of South Africans returning to the country from abroad. For those doing so, there are several important considerations to keep in mind from a tax perspective. Understanding the tax obligations and potential benefits can help individuals manage their finances more effectively. What many don’t realise is…
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Energy Tax Incentives for Individuals

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General, South Africa
The Finance Minister delivered his annual budget speech on 22 February 2023, and did not raise taxes. This was expected, given the state of the economy. The budget instead announced R13 billion in tax relief. Through an expansion of the Income Tax Act’s section 12B renewable energy tax incentive, businesses receive R5 billion and individuals…
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The South African Emigration Checklist: Navigating Tax Consequences and Compliance with SARS

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South Africa, Tax Emigration
Emigrating from South Africa is a significant life decision that comes with a multitude of considerations, both personally and financially. Among these, understanding the tax consequences and ensuring compliance with the South African Revenue Service (SARS) is of paramount importance. Failing to follow the correct emigration process can lead to penalties costing you thousands! We’ve…
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