Fake bags, real trouble: SARS warns influencers face jail, fines for luxury dupe promos
Keitumetse Sesana, Acting Deputy CEO at SAIT, explained to News24 the risks influencers take when promoting counterfeit goods, stating that it violates both intellectual property laws and the Counterfeit Goods Act, putting them in both SARS and SAPS bad books, including the original brands themselves.
7 minute read
National Treasury makes u-turn on foreign retirement benefit exemption plans
The National Treasury decided to reconsider its earlier proposal to remove the tax exemption on foreign retirement benefits for South African residents. The initial proposal would have resulted in pensions earned by professionals and retirees from their time working abroad becoming subject to tax in South Africa. In its advocacy efforts, SAIT, expressed concerns that the change could impact the country’s appeal to skilled immigrants and returning expatriates potentially subjecting these groups to forms of taxation from which they were previously exempt. Acting Deputy CEO Keitumetse Sesana, provides insights on the significance of this reversal in this interview with Newsroom Afrika.
5 minute video
Treasury shelves tax on foreign retirement income
SAIT Deputy Acting CEO, Keitumetse Sesana, speaks about Treasury’s reversal on taxing foreign pensions and how balance reform and fiscal foresight could protect South Africa’s economic credibility.
15 minute audio

