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Tag: Tax

How to stop being a tax resident in South Africa, according to SARS

The decision of whether an individual ceases to be a tax resident in South Africa is based on a number of both objective and subjective factors, says the South African Revenue...

Time for wealthy taxpayers to look offshore?

‘WE owe a lot of people a lot of money.’ That blunt, ominous statement by Finance Minister Tito Mboweni in his 2021 budget speech shows the deep financial hole the South African economy is...

Some truly acrobatic thieves leapt on the gravy train

The notion that profit is theft is popular in some quarters. It’s the insult often hurled at the business community when alleging that the free market is a skewed economic system....

Tax on booze, fuel & cigarettes hiked while income tax stays put

The 2021 annual budget speech by the finance minister took place in Cape Town on February 24 2021. All eyes were on Tito Mboweni as South Africans were looking forward to...

Tax hikes you are likely to see next week – and those you won’t

Analysts and economists are detailing their predictions for finance minister Tito Mboweni’s budget speech on 24 February, with a particular focus on taxes. The February budget typically centres around the government’s revenue...

SARS warns of new scam targetting taxpayers

Taxpayers are urged to be extra cautious this festive season, as a new scam has emerged in which fraudsters are exploiting desperate victims for financial gain. In a statement, the South African...

Theft with impunity

The Bee in my Bonnet Column. By: Robin Hayes (Editor at CBN) The editor laments… LIVING in South Africa, like every other place on earth, with the possible exception of Beirut, has its...

Several businesses in Sea Point have begun withholding 50% of their rates payments in...

The affluent suburb of Sea Point in Cape Town has become a virtual 'war zone' according to one of the members of local organisation Concerned Residents of Atlantic Seaboard. Resident and business...

SA Sugar tax could increase to 20%

Non-profit organisation, the Healthy Living Alliance (Heala) is pushing to have sugar tax increased. Heala presented a memorandum with 17 000 signatures to the Treasury in hopes that it would demonstrate...

OPINION: The inexorable rise of bureaucracies everywhere

SOME readers will recall that the first rather timid parliamentary inquiry into Nkandla’s financing concluded that civil servants fouled up. It was they who let contractors run away with taxpayers’ money. That...

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Over R100-billion to be invested in data centres in South Africa 

By Larry Claasen Amazon Web Services (AWS) plans to invest R46-billion in Cape Town by 2029. THE setting up of hyperscale data centres in South Africa...

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