Month: July 2025

Bank-account freezing orders are powerful tools used by South African authorities to restrict access to funds in taxpayer accounts suspected of non-compliance or unlawful activities. Both the South African Revenue Service (SARS) and the South African Reserve Bank (SARB) have...

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The Automatic Exchange of Information (AEOI) initiative is a global effort to combat tax evasion and improve transparency by sharing financial account information between participating countries. South Africa, as part of the OECD Common Reporting Standard (CRS), actively exchanges tax-relevant...

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In South Africa, managing assessed losses effectively can provide significant tax relief for individuals and businesses alike. But what happens to these losses when a business closes? This detailed blog explains the rules governing assessed losses, the conditions under which...

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Trusts are commonly used in South Africa for estate planning, asset protection, and tax management. However, SARS has implemented stringent anti-avoidance rules specifically targeting trusts that own primary residences. These rules aim to prevent taxpayers from exploiting trusts to unfairly...

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The South African Revenue Service (SARS) is increasingly leveraging artificial intelligence (AI) and data analytics to enhance its audit selection process. This AI-driven approach helps SARS identify high-risk taxpayers more effectively, streamline investigations, and optimize resource allocation. Understanding how SARS...

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Navigating complex tax laws can be challenging for many South African taxpayers. To provide clarity and legal certainty, the South African Revenue Service (SARS) offers Advance Tax Rulings (ATR). These rulings allow individuals to obtain SARS’s official interpretation of tax...

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Navigating South African tax law can be complex, especially for individuals facing unique or uncertain tax situations. An Advance Tax Ruling (ATR) is a formal interpretation issued by SARS that clarifies the tax consequences of a proposed transaction or arrangement...

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Navigating South Africa’s complex tax system can be challenging for many taxpayers. One powerful tool available to individuals is the Advance Tax Ruling (ATR), a formal written interpretation provided by the South African Revenue Service (SARS) that clarifies how specific...

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