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Filter: Tax
Navigating financial emigration

16 April 2025,  Dr Candice Reynders, Tanya Strauss

In recent years, South Africa has seen a notable rise in financial emigration. This shift comes with significant tax implications,... as individuals who cease to be tax residents must navigate complex regulations and financial considerations. Understanding these implications is crucial for anyone considering this move.

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378
Article
The taxes applicable to a deceased estate

29 May 2024,  André van Niekerk, Tebello Setleko

When a person passes, their estate must be reported to SARS and so becomes a new taxpayer with various taxes... applicable. If the deceased had foreign assets, international taxes may also apply. The executor of the deceased estate is responsible for handling all tax matters related to the deceased estate, which can become quite complex, depending on the nature of the estate. In this article, we look at some of the most important taxes applicable to a deceased estate.

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3952
Article
Three’s a crowd? SARS, Trusts and Beneficial Ownership

22 April 2024,  Dr Candice Reynders, Elani Volschenk

The General Laws Amendment Act 22 of 2022 (“Amendment Act”) promulgated as part of legislative framework changes by South Africa... to curb money laundering, has introduced key changes to the trust environment, requiring extensive beneficial ownership and other reporting by trusts. SARS is also aligning its tax and data collection imperative with these changes by requiring similar reporting as part of trust tax submissions. In this article, we review the impact of these changes on trusts.

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2030
Article
Is the trust dead? Long live the trust!

22 April 2024,  André van Niekerk, Dr Candice Reynders

Many clients, when we suggest using a trust for their estate or corporate structuring, enquire whether a trust is still... a safe option to consider. This question likely stems from the negative publicity trusts have received over the last few years, along with the high taxation imposed by SARS. However, our answer is always the same, if used correctly and for the right purpose, then 'Yes’, a trust is still a good option to be considered. In this article, we explain why we still consider a trust to be relevant.

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918
Article
Why a clean donation can have sticky consequences

21 February 2024,  Dr Candice Reynders

A donation, made with the best of intent, may still land you in ‘hot’ water with SARS. In this article,... we explain why a donation could result in donations tax being payable to SARS and when and how this could happen.

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2099
Article
New SARS beneficial ownership disclosures when filing your trust tax returns

29 November 2023,  Elani Volschenk

Trustees should take note of additional requirements relating to the filing of provisional Trust tax returns in January 2024 as... SARS climbs on the beneficial ownership reporting train.

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2024
Article
Tread carefully when considering debt-to-equity restructuring

26 July 2023,  Dr Candice Reynders

Converting or exchanging debt that is owed by a company into shares in that same company has long been used... as a debt restructuring tool. There are, however, very fine lines that surround this solution and it needs to be structured correctly to ensure that no unintended tax consequences arise. In this article, we briefly highlight a few considerations in relation to such restructuring.

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689
Article
Important notice for trustees: Enhanced requirements for filing tax returns with SARS

03 July 2023,  Elani Volschenk

With the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act 22 of 2022 (“Amendment Act”) having come into... full effect on 1 April 2023, SARS has updated its Income Tax Return Wizard system to enable SARS to intensely verify the information submitted during tax return season.

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1315
Article
When two become one, there are tax benefits

15 July 2022,  Dr Candice Reynders

When dealing with mergers and acquisitions, the one question that always arises is what tax relief, if any, exists for... companies that are contemplating a merger?

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3854
Article
Why your commercial transaction may need to be reported to SARS

08 June 2022,  Luhann Prinsloo

Commercial transactions can often involve a range of corporate structuring which in turn could have tax implications for participants. With... all the focus on getting the deal done, often participants forget that a tax benefit a participant derives from the commercial arrangement may need to be disclosed to SARS. 

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2448
Article
Accounting and taxation of your offshore investments: are you doing it right?

27 April 2022,  Tanya Strauss

In these unprecedented times, the old saying that nothing is certain except death and taxes, feels truer than ever. This... is particularly the case for taxes of South African residents given the South African Revenue Services’ renewed focus and energy, displayed in the establishment of its Unit for High-Net-Worth Individuals.

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2024
Blog
Using S42 to restructure your company tax efficiently

28 March 2022,  Dr Candice Reynders

Don’t let the fear of tax consequences make you hesitant to consider important changes to your company structure. Clients are... generally not aware of section 42 of the Income Tax Act and the roll-over relief it can provide when assets are exchanged for shares in a company – a section 42 asset-for-share transaction as it’s commonly referred to. 

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4097
Blog

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