Treasury shelves tax on foreign retirement income
The National Treasury has withdrawn a controversial proposal to tax the foreign retirement benefits received by SA tax residents, which tax experts warned would detract from SA’s attractiveness as a retirement destinating and lead to foreign residents leaving the country.
2 minute read
Treasury intends to scrap exemption next year
The Treasury’s plan to do away with foreign pension tax exemption is under intense scrutiny. Revenue experts are warning that the move could deter wealthy retirees and expatriates from returning home. SAIT CEO, expands on this matter on eNCA.
2 minute video
Tax refund fraud triggers urgent reforms
The Tax Ombud has released a draft report recommending interventions to help curb the hijacking of SARS e-filing profiles. Fraudsters are exploiting system weaknesses to change taxpayer banking details and re-route refunds, often undetected. The ombud is calling for stricter refund verification, automated alerts and extra checks in changes to sensitive profile information. Keitumetse Sesana discusses the matter with eNCA.
4 minute video

