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South Africa

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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RSA: Inflation and Pricing in the Current Market

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South Africa
In SA we have seen the repo rate increasing (now sitting at 6.25%). Although these rates are nowhere near the peak of 23.99% that we saw back in 1998, the country is experiencing high inflation with July 2022 inflation in SA at 7.8%. While there are some signs of this easing, it bears watching and…
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