The Tax Consulting Podcast

Send us a textIf you have been told that leaving South Africa for 330 days automatically ends your tax residency, think again.  Spending a certain number of days outside South Africa or relying on a double taxation agreement does not automatically change your tax residency. SARS treats tax residency as an ongoing assessment, so your South African tax residency status must be formally reviewed and confirmed.  Click the link to review and formalise your South African tax residency: Non-Resident Confirmation Letter: https://bit.ly/43S810WTopics covered: 00:00 – Being outside South Africa for 330 days ≠ automatic non-residency. 00:56 – Ceasing residency requires a formal SARS application. 02:56 – How the physical presence test is often misunderstood. 04:36 – Residency is assessed annually, and simply leaving South Africa does not end it. 06:38 – A SARS non-resident confirmation letter stating the qualifying basis is essential; without it, you remain a resident.07:31 – Do not self-assess; SARS verification with expert guidance ensures correct filing. #TaxResidency #SARSCompliance #ExpatTaxTipsSupport the show

Send us a textSouth Africans are facing a hidden tax increase known as bracket creep, where rising salaries push earners into higher tax brackets because the tax tables have not been adjusted for inflation. In this Moneyweb Now interview, Tanya Tosen, Tax and Remuneration Specialist at Tax Consulting South Africa, explains how SARS is projected to collect an additional R19.5 billion this year (R18 billion from income tax and R1.5 billion from medical aid tax credits) without changing the official tax rates. Key Highlights What bracket creep is and why unadjusted tax tables create it How higher salary increases can push you into a higher tax bracket The impact on take-home pay and cost of living Why both employees and freelancers must monitor their own tax compliance]  #SARS #BracketCreep #IncomeTaxSupport the show

Send us a textWhat really happens when you step from the classroom into South Africa’s leading tax practice? During a KayaFM interview, Rendani Makatu, Tax Intern & Expatriate Tax Support Specialist at Tax Consulting South Africa, shares the lessons no textbook could prepare him for. From the realities of tax law changes to the traps South Africans face when moving abroad, Rendani explains what every listener needs to know. During this interview, you will hear: Why young professionals must stay sharp with SARS updates. The truth about tax residency if you plan to live or work abroad. How the “golden letter” from SARS protects expats. Why hiding income from SARS isn’t an option. If you are considering emigration or already abroad, do not leave loose ends with SARS. Contact us today so our team can help you get compliant, file correctly, and protect your income: https://bit.ly/46zrC6o  #ExpatriateTax #DoubleTaxAgreement #TaxResidencySupport the show

Send us a textEnsure that all your income is fully compliant. Learn how to manage your taxes and avoid penalties: https://bit.ly/47AvDcV  Join Jashwin Baijoo, Associate Director and Head of Strategic Engagement & Compliance as he discusses SARS’s latest focus on social media influencers and content creators during his SAfm interview with Jimmy Moyaha. Learn what income must be declared, how SARS tracks worldwide earnings, and practical steps for influencers to stay compliant. #SARSCompliance #InfluencerTax #DigitalEconomy What You Will Learn:   00:00 – Introduction 00:15 – SARS targets social media influencers and digital content creators 01:12 – Definition of gross income and worldwide income obligations 02:12 – Practical implications for South African residents working abroad 03:11 – Importance of tax advisors and record-keeping 04:10 – Educational resources and webinars available for influencers 05:08 – How brand deals, sponsored content, and non-cash income are treated 06:53 – Global information exchange and tracking foreign income 07:16 – Closing insights and recommendationsSupport the show

Send us a textRead the full article and contact our team today: https://bit.ly/4n7naD5 In a recent vodcast, Chrispos Seete (SARS Tax Compliance Specialist) and Alex Mahundla (SARS Tax Compliance Specialist) from Tax Consulting South Africa explain how a Tax Diagnostic Report provides a non-triggering SARS health check across your entire profile.  Key Highlights 00:00–02:00 Why paying penalties without filing results in recurring charges 02:00–04:30 What a Tax Diagnostic Report covers and why it is non-triggering 04:30–07:00 Handling missing or inactive tax numbers and SARS appointments 07:00–09:30 Checking historic returns and deemed Capital Gains Tax 09:30–12:00 Using the report before withdrawing retirement funds or applying for an Approval for International Transfer (AIT) PIN 12:00–14:30 CIPC directorship checks and the need for deregistration 14:30–17:00 Filing as resident or non-resident and common flagged returns 17:00–20:00 Why ceasing tax residency needs formal confirmation and professional help #SARS #TaxDiagnostics #ExpatTaxSupport the show