Invested offshore to dodge the taxman? Sars is coming for you
Invested offshore to dodge the taxman? Sars is coming for you 6 January 2021 7:47 PM Share This: 'With the notice we've seen, Sars asks for information regarding tax years from 2015 to 2019' - tax attorney Jean du Toit. One route to avoid taxation has traditionally been to take your money offshore, without disclosure. Now the South African Revenue Service has offshore investors on its radar. Sars is finally ready to utilise the Automatic Exchange of Information to investigate South African tax residents' offshore holdings, says tax attorney Jean du Toit. Some taxpayers have already received n...
Source: capetalk.co.za