The Untouchables in a Gangster’s Paradise? Is it reasonable or ethical to make use of companies that do not consider themselves to be held accountable, for their actions in any private or public enterprise? While Big Tech has become seemingly untouchable, even from the US Supreme Court or Whitehouse, the same culture of supremacy, greed, lack of accountability, lack of transparency, and lack of responsibility seems to have created and sustained an environment in South Africa where IT negligence is acceptable, and lack of accountability is the norm, even when it comes to government institutions, contracts and tenders.
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Has Corporate SA Been Infected by ANC Corruption, Greed & Negligence? Dimension Data NTT Case Study
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South Africa’s Ambassador to Italy, “untouchable” Shirish Soni, recalled over misrepresentation of qualifications & financial irregularities
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South African ambassador to Italy, Shirish Soni, was recalled after being found guilty of financial irregularities and misrepresentation of academic qualifications.
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South Africa’s big expat tax is coming – major changes to be introduced in tax exemption on South African expatriates
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In 2017 the National Treasury and SARS announced that they would be introducing major changes in the tax exemption on South African expatriates. According to Claudia Aires Apicella, head of Financial Emigration at Tax Consulting SA, the legislative amendment is set to come into effect on 1 March 2020. It states that South African tax..
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What South African expats need to know about financial emigration and recession
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With the South African economy currently in recession, lessening the effects of Rand volatility is a top priority for many people at the moment. Many expatriates have retirement funds and other assets in South Africa that they would like to withdraw and transfer offshore. This is known as the process of financial emigration. SAFFA.com had a look at the most common questions about this process below.
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A man paid R1,500 to bring his own laptop back into South Africa: SARS outlines strict customs rules
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The South African Revenue Service (SARS) has issued a new statement on what items you have to declare when leaving and returning to South Africa.
The statement follows a BusinessDay article in which a South African businessman reported that he was forced to pay R1,500 to bring his own laptop back into the country.
“In terms of customs legislation, South African residents travelling abroad are not required to declare their personal effects when leaving the country, nor upon return,” it said.
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Financial emigration: SARS and small expatriate fish
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Emigrating from South Africa is not as simple as packing up your bags, jumping on a plane and setting up shop somewhere else. Unfortunately, there is still the issue of tax and no matter where you go, the taxman remains interested.
The South African Reserve Bank, SARS and even the globally agreed “common reporting standards” or “CRS” want to know your movements. Even Home Affairs have climbed on this bandwagon in respect of the White Paper released last year which recommends that all South Africans abroad must report themselves correctly, for good recordkeeping and for the authorities to know their whereabouts.
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Pair caught trying to smuggle R6.7m out of SA
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South African Revenue Service (Sars) customs officials have prevented over R6 million worth of undeclared foreign currency from exiting South Africa at OR Tambo International Airport (ORTIA) this week, SARS said on Sunday. Customs Officials at ORTIA intercepted two passengers travelling to Dubai as they were about to board their flight on Thursday, Sars acting..
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Belangrike inligting vir SA ekspats wat meer as R1 miljoen verdien
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Almal weet teen dié tyd dat SARS ʼn deel van die Artikel 10(1)(o)-belastingvrystelling wil wegneem. Hierdie vrystelling stel Suid-Afrikaners tans vry van belasting indien hulle langer as 183 dae in die buiteland werk, mits ʼn deel van die 183 dae een aaneenlopende tydperk van 60 dae is. Twee belangrike hersienings is aan die aanvanklike voorstel..
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Here’s how the taxman will come after South African expats
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If you have a good job overseas‚ living in a country where the tax rate is 25%‚ but your salary falls into South Africa’s 45% tax bracket‚ the taxman now wants to come after you to collect the difference of 20%. Jerry Botha‚ a managing partner at Tax Consulting‚ said the draft tax law amendments..
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Due To The South African Reserve Bank Newest Legislation Protocol SA Expats Cannot Use Their SA Bank Cards In The UK
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South Africans in the UK are very surprised to learn that they are not allowed to use their South African Debit and Credit cards while living abroad. Unfortunately, for South African expats, the South African Reserve Bank (SARB) have control over the free movement of South African wealth using Exchange Control. South Africans are allowed..
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