by Tony Davey | Oct 29, 2021 | Davey's Locker
I note with sadness the passing of Costa Divaris which marks the end of a tax era. Costa was a doyen of the tax world being a co-author of various tax publications including the original standard authority on tax, Silke on South African Income Tax. Costa’s monthly tax...
by Tony Davey | Mar 15, 2021 | Davey's Locker
SARS establishes a high-net-worth unit The Minister of Finance announced in his Budget Speech 2021 that: SARS will establish a dedicated unit to improve compliance of individuals with wealth and complex financial arrangements. This would naturally, in my view, include...
by Tony Davey | Feb 13, 2021 | Davey's Locker
The compulsory annuitization of benefits from a provident fund, despite a laboured birth since 2016, becomes a reality on 1 March 2021. See 212 tsh 2020. In essence, the harmonization of tax treatment of all retirement funds, whether pension, retirement annuity or...
by Tony Davey | Jan 14, 2021 | Davey's Locker
Common reporting standards (CRS) SARS is receiving information and now acting on the CRS automatic exchange of information with eighty-seven foreign jurisdictions concerning RSA taxpayers with offshore investments. Special voluntary disclosure program (SVDP) In...
by Tony Davey | Dec 20, 2020 | Davey's Locker
Change of tax-residency status I have already canvassed the criteria governing the change of residence of an RSA resident (see 192, 200 TSH 2019). In essence, one must have regard to: Any applicable double tax agreement. The case law on the expression ‘ordinarily...
by Tony Davey | Oct 9, 2020 | Davey's Locker
Taxpayers raising the procedural defence of prescription to a notification from SARS demanding tax payment of an amount of some historic tax year must distinguish between a prescribed assessment and a historic tax debt, since different prescription periods apply. For...
