#taxmigration vs. #financialemigration

And the scoreboard reads:

#taxmigration                    10        

#formalemigration              5         

#financialemigration       0 (failed)

Eventually, we have SARS buy-in and confirmation that formal emigration is not a tax act process.

Yes, SARS punched the punters of financial emigration, a bloody if not deadly blow! Continue reading “#taxmigration vs. #financialemigration”

WW Directory Of Tax Professionals – My Blog

WW Directory Of Tax Professionals – My Blog

Full blog on http://taxconnections.com/taxblog/tax-year-end-in-south-africa/ 

New webpage address is taxmigration.com or cgt.co.za 

Tax year-end in South Africa, for smaller companies and all individuals, is on the last day of February 2013.

In terms of the collection process, South African Revenue Services (SARS or the equivalent of IRS and HMRC, the competent taxing authority in SA)  expects all provisional taxpayers to be either 80% or 90% correct in the end February provisional tax estimate, compared to the final assessment or IT34.

Read more ….