tax

  1. S

    Reporting to SARS, S.African living abroad

    Hello guys, I live in a country that doesn't have a Double Taxation Agreement with S.A. / SARS (nor am I registered for tax in said country). I started trading (not investing) crypto in Aug 2023. I've been here since April 2021 and have not returned to S.A. since. I'm not formally tax emigrated...
  3. medicnick83

    SARS and vehicle claims

    hi all, Question I'm a neighborhood watch member doing patrols in my personal vehicle almost daily. Can i claim back from SARS for this? And how would I do that?
  4. N

    Taxation on Dual nationality Dutch/South Africans in SA?

    Hi everyone, asking for a friend. She was born here but has lived in the Netherlands her whole life. She’s looking at moving to South Africa, but isn’t sure how tax will work. If she’s here for the majority (more than half) of the year, will she need to pay tax here, in the Netherlands, or both...
  5. P

    Tax advisor with expat or double taxation experience

    Trying to find someone who can advise me on the implications of having a company in SA but I'm working in another country with a double taxation agreement. I tried searching on here but apparently my keywords are too popular :cautious:
  6. M

    Process for cashing out RA and transferring overseas

    Hey everyone! TL;DR: Does anyone know the process for cashing out an RA and transferring the proceeds overseas? I haven't been a tax resident for quite some time now (more then 3 years) and want to withdraw my RAs in SA and transfer them overseas. I've contacted FNB as well as Sygnia to do...
  7. T

    Payslip Question - Fuel

    Hi Guys I work in Sales, and recently moved from Company Car to Car allowance, now every month my fuel card spend gets added to my earnings and then gets deducted again on my deductions. This obviously adds a lot to my taxable income, will I get this tax paid back when I do my Efiling and can...
  8. S

    Tax Admin Penalty issued for 2008?!

    I've suddenly had an admin penalty issued for 2008 from SARS. I didn't earn enough to pay tax and I'm pretty sure I don't have any documentation from back then. I've tried contacting SARS since January but I think they're still on Xmas leave because no one answers emails/calls and they keep...
  9. pratlou

    SARS widens its net with auto-registrations of taxpayers

    https://www.moneyweb.co.za/mymoney/moneyweb-tax/sars-widens-its-net-with-next-level-auto-registrations/
  10. Q

    Incorporating in the US & tax

    Hey all, I'm considering opening a Delaware corp, but for the market, Stripe and US bank account access, not to try and avoid tax. But, of course, tax is still something to be managed and CFC rules seem hard to navigate. If you have a foreign corp while residing in SA, how do you manage your...
  11. TEXTILE GUY

    Financial Emigration - Have you?

    So, I am looking at finally considering financial emigration in 2023. I was advised a few years ago, not to embark on this process until I was 100% sure that I was not planning on returning to SA. At this point, I am pretty sure that I wont return - but the hankering to go back SA is strong -...
  12. Cranjus McBasketball

    Would this get me in trouble with SARS?

    So I'm going to be doing some freelance work for a UK client. GBP500/month totalling GBP3500. It's not a lot but it'll push me into the next tax bracket. So I'm wondering if I can get away with declaring it as a gift or if that's just a terrible idea?
  13. B

    Will I be taxed more if my employer pays for my MBA?

    If my employer is willing to pay for my MBA will I be taxed on it? And will it be at the same rate is if they increased my salary by the same amount? For example if I make 40k + 10k paid towards my MBA fees is that better than being paid 50k?
  14. Hanno Labuschagne

    This is how you can get your tax clearance certificate online

    This is how you can get your tax clearance certificate online If you are emigrating, investing large sums offshore, bidding on a tender, or simply need to prove your good standing with the taxman, you will need to use the Tax Compliance Status service on the eFiling portal of the South African...
  15. marco79

    SARS E-Filing 2020/21

    It's that time of the year again. Any tips? What is it that I hear that I need a new browser to complete my E-filing? Is this true? Filing Season 2021 for Individuals Individual income tax return filing dates 1 July to 23 November 2021: Taxpayers who file online Taxpayers who cannot file...
  16. MielieBom

    Working for SA company but living abroad

    Hi all My family and I are moving to Sweden within the next year. I am very eager to keep my job in South Africa which is 100% done remotely. I would like to find out if it would be possible from a tax perspective to do this. There is a dta in place with Sweden. Any advice would be welcome!
  17. M

    Are aligners tax deductible?

    Hi Guys, I recently went to the orthodontist to get aligners which medical aid does not cover. Any idea if I can claim from tax for any of the following dental procedures? Fillings Wisdom removal Aligners procedure
  18. N

    Crypto Tax Software

    What is the common software/service everyone is using to calculate your tax on crypto for SARS? Most of them sent to either be BS, very expensive (Per trade cost) or not geared to South Africa or just plainly wrong.
  19. P

    When to start filing for Provisional Tax (Sole Prop)

    I am currently employed and receive a monthly salary, but would like to start a side-business as a sole proprietor (selling products online). I have researched all the ins and outs of filing provisional tax and annual tax returns and blah blah blah...BUT my issue is this: When do I actually...
  20. C

    International tax consultant recommendation

    Before the pawpaw hits the fan or I'm missing something that will cause unnecessary fights with SARS, I need someone to give me step wise on what to do with my tax in South Africa and in the Netherlands in the coming year. I stopped googling info and speaking to people, as there is way too much...
  21. D

    Private Grant Funding Taxable?

    Hi I am a university student with a small business that recently received grant funding (+R100 000) from my bursar (a private company) following good performance in a pitching competition hosted by the said bursar and their partners. The grant does not require me to part ways with equity or...
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