Expats Tax Residency Reset: Is SARS Constantly Shifting Goal Posts?
The South African Revenue Service’s (“SARS") focus on South Africans abroad was first revealed in the 2017 Budget Speech. Their reasons were only revealed in the pursuant Parliamentary debate, where in the Q&A session it was shared that National Treasury and SARS had been keeping a close eye on expa…
SARS pours cold water on offshore tax gimmicks
The past week was a good week for SARS, and not a good one for promoters of certain offshore financial products. SARS issued a very clear Ruling that they will strictly apply the law and sends a clear statement that taxpayers should not fall for fanciful tax benefits promised by certain promoters. W…
https://www.polity.org.za/article/sars-pours-cold-water-on-offshore-tax-gimmicks-2022-08-19
South African Commercial Law Blog 