New Tax Directive to Impact Expats’ Retirement | Moneyweb | Shuanita de Wet
Are you a South African expat planning to access your retirement funds? Watch this @MoneywebHoldings interview before you make your next move. Retirement and Pension Fund Specialist Shuanita de Wet from Tax Consulting SA explains the game-changing SARS directive that came into effect on 11 April 2025. With "emigration withdrawal" now phased out, expats must comply with the new “cessation of residency” process—or risk delays, rejections, and tax exposure. Topics Covered: 00:45 – Why SARS replaced “emigration withdrawal” with “cessation of residency” 02:04 – New tax directive process and what changes on 11 April 2025 03:30 – Which retirement funds and annuities are affected 04:56 – Risks of non-compliance and SARS’s use of AI for enforcement 06:35 – How to stay compliant: the role of tax diagnostics and professional advice Visit Tax Consulting South Africa for more guidance and expert insights: https://bit.ly/4jAU9xs #SARS #TaxDirectives #SouthAfricanExpats #RetirementFunds #TaxResidency #FinancialPlanning #TaxCompliance #ExpatTax #TaxConsultingSA #SAfm #ShuanitaDeWet #SouthAfricaFinance #CrossBorderTax #Emigration
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SARS' R2.3 Trillion Revenue Collection: What It Means for South African Taxpayers | Jashwin Baijoo
In this interview with Radio 786, Jashwin Baijoo (Associate Director and Head of Strategic Engagement and Compliance) at Tax Consulting South Africa, unpacks SARS’ record R2.3 trillion revenue collection. Key topics include: - How SARS' modernisation strategy, driven by AI and automation, has improved efficiency. - The role of the Compliance Programme in identifying and acting on deliberate non-compliance. - The VAT increase, and how SARS is protecting against revenue leakage through audits and verification. - Relief mechanisms available for financially distressed taxpayers. - Why enhanced collection capabilities may be more effective than blanket tax hikes. For more information, read the full article: https://bit.ly/3Y0dgZv #SARS #TaxCompliance #SouthAfricanTax #RevenueCollection #VAT #Radio786 #TaxConsulting
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Exchange Control Compliance is Crucial When Transferring Funds Abroad
South African exchange control regulations have become stricter, especially for high-net-worth individuals (HNWI) and expats moving large sums abroad. In this episode, Richan Schwellnus (Tax Attorney and General Tax Practitioner) and Michelle Phillips (Tax Attorney) provide clear guidance on how to approach international transfers in line with SARS and Reserve Bank requirements. Topics: 00:00 – Why exchange control compliance matters now more than ever 03:07 – What is Financial Emigration and its impact on your banking04:04 – Understanding AIT (Approval for International Transfer) and what SARS looks for 06:11 – How long does it take to get approval to move funds offshore? Subscribe for more expert insight, comment with your questions, share this episode with your network, and visit our website for tailored guidance on exchange control and tax compliance. https://bit.ly/4iT5eKb #ExchangeControl #FinancialEmigration #TaxResidency #AITApproval #HighNetWorth #SouthAfricanExpats #OffshoreFunds #SARSCompliance #CrossBorderTax #TaxConsulting
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Returning to South Africa? SARS is waiting for Expats Coming Home
Thinking about moving back to South Africa after working abroad? SARS may be waiting to assess your tax affairs - and the consequences of non-compliance can be severe.In our latest podcast, Richan Schwellnus (Tax Attorney) and Nicolas Botha (Tax Team Compliance & Processing Manager) discuss:00:28 - Why SARS is increasing scrutiny on expats returning home 06:06 - The "golden ticket" every expat should secure before repatriating07:01 - How a simple bank transaction could trigger an unexpected audit07:30 - The possible 200% penalty risk for undeclared foreign income08:56 - Steps to ensure a smooth and compliant transition back to South AfricaDo not let SARS catch you off guard! Need expert assistance? Visit our website for more information: https://bit.ly/4iVXkiR#SARS #SouthAfrica #TaxCompliance #Expats #ReturningHome #TaxPlanning #FinancialEmigration
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Bracket Creep: Does Your Salary Increase Actually a Loss? | PowerFM | Tanya Tosen
Bracket Creep Explained: Does Your Salary Increase Costing You? Are you really earning more after a salary increase, or is Bracket Creep reducing your take-home pay? Tanya Tosen, Master Mobility, Tax, and Remuneration Specialist, joins PowerFM to break down this hidden tax challenge. Key discussion points: 2:02 – 03:03 What is Bracket Creep? 03:04 – 04:46 Direct implications and consequences of Bracket Creep 04:47 – 06:35 How salary increases can leave taxpayers with less money 06:37 – 07:03 Who is most affected by Bracket Creep? 07:04 – 08:17 Standard employer practices and their impact 08:18 – 09:30 How to mitigate Bracket Creep and optimise salary structures 09:31 – 10:52 How SARS reviews tax benefits and employer structuring 10:53 – 12:02 Are employees financially worse off, or do they break even? 12:03 – 15:27 The benefits of a higher Cost to Company approach 15:28 – 18:06 The difference between tax planning and tax evasion Do not let Bracket Creep erode your salary - read our in-depth article here: https://bit.ly/43Dbilq#BracketCreep #SalaryIncrease #TaxTips #FinancialPlanning #Hot1027FM #SouthAfrica #Taxation #IncomeTax #WealthManagement #TaxConsulting #FinancialWellness
Welcome to the Tax Consulting Podcast, your trusted source for expert insights into South African tax matters. Featuring a range of specialists from various departments across Tax Consulting South Africa, including legal, tax, and accounting professionals, each episode offers in-depth discussions on key topics such as expatriate tax, tax residency, SARS updates, compliance strategies, and more. Whether you are an affluent individual, expatriate, or business, our podcast provides the knowledge and guidance needed to confidently manage your tax obligations, mitigate risks, and maximise opportunities.
South Africa