Tax Technical News Today

Neville Birthisel of the Institute of Financial Professionals Australia Wins Australian Accounting Award

Neville Birthisel of Institute of Financial Professionals Australia Wins Australian Accounting Award

Deloittes Emma Arlow offers expert insight on what were likely to see from the upcoming “cost of living Budget”

The National Treasury will look at the possible introduction of an ‘exit tax’ on retirement funds in 2022 after walking back on the proposal last year.

President Cyril Ramaphosa has approved several tax changes for South Africa.

In March 2021, the new draft Critical Skills List (“CSL”) was published by the Department of Home Affairs (“DHA”) for public comment before finalisation. While there is much speculation on last-minute changes to the list, the inclusion of tax professionals is one that is likely to remain. Marisa Jacobs, Managing Director at Xpatweb Expatriate Solutions, expects that the final list is due for release in the coming weeks. Following meetings with the National Economic Develo...

Towards the end of the summer, HMRC announced a consultation on proposals which would radically alter how unincorporated businesses – sole traders and partnerships – are taxed.

SARS argues in the document that school fees are not in the consequence of a disability.

Here is the letter SARS is sending to wealthy taxpayers in South Africa Subscribe high-wealth individuals unit as it aims to improve compliance amongst wealthy South Africans. SARS has now begun sending letters to some taxpayers, detailing its plans for the unit and how it will look at improving collections. It also informs the taxpayer that the unit will be directly monitoring their tax portfolio and profile. The unit said it will also assign a dedicated relationship manager which will serve a...

SARS signs heavy-hitter to help take on wealthy South Africans Subscribe SARS commissioner Edward Kieswetter has announced Judge Dennis Davis will be joining the tax collector on a more permanent basis, as it puts a larger focus on wealthy South Africans. In a media briefing this week, Kieswetter said that Davis will help SARS with the implementation of its strategies, specifically those which are directed at closing the tax gap and the wealthy. Davis most recently headed up the Davis Tax Commi...