The Tax Consulting Podcast

Send us Fan MailIn this KayaFM interview, Jashwin Baijoo (Partner and Head of Strategic Engagement & Compliance at Tax Consulting South Africa) explains how SARS is identifying undeclared income and how penalties escalate when taxpayers respond late or inaccurately.  This interview covers: 01:35 | The compliance centred approach and the risk of punitive outcomes 02:23 | Taxpayer education gaps especially in crypto 03:01 | High net worth individuals and SARS' relationship managers 03:50 | How SARS targets crypto traders by reviewing bank statement credits 05:20 | Global transparency CRS and the OECD Crypto Asset Reporting Framework 07:15 | Rising enforcement and concerns about overregulation 08:25 | Understatement penalties up to 200% and tight audit timelines 09:45 | Income tax versus capital gains tax treatment on crypto disposals 11:21 | Why voluntary disclosure must occur before SARS approaches you 13:13 | High net worth complexities offshore trusts and non-compliance 14:20 | Final advice for taxpayers engaging in crypto or holding complex structures  Contact our team of specialists to stay compliant: https://bit.ly/3Pme6fh  #SARS #TaxCompliance #CryptoTaxSupport the show

Send us Fan MailIn this episode, Delano Abdoll (Legal Manager in Cross-Border Taxation at Tax ConsultingSouth Africa) speaks with Professor Carika Keulder  (WITS University) about why #AI frequently gets South African tax residency wrong and the risks taxpayers face when relying on automated interpretations. If you are a South African expat, remote worker, or taxpayer living abroad, this discussion explains why AI tools cannot replace proper legal interpretation under South African tax law.  This episode offers a detailed look at: 00:00 Why AI explanations of tax residency fall short 01:08 Introduction and framing the discussion 01:58 Why primary legislation must come first 02:47 How tax interpretation develops over time 03:38 Testing legislative boundaries in practice 04:33 How taxpayers are misled by market commentary 05:28 The risks of relying on generalised explanations 06:24 AI’s failure to address the full residency test 08:47 Why critical thinking is essential when using AI 09:58 Does AI understand case law and judicial hierarchy? 11:17 Why legal interpretation remains a human skill 12:41 The gap between theory and SARS’s practical systems 13:34 AI, SARS, and the risk to taxpayer rights 15:25 Closing reflections on AI and tax interpretation  Get tax residency guidance from South Africa’s leading experts: https://bit.ly/3Pme6fh  #TaxResidency #SouthAfricanExpats #aiandtax #ai Need clarity on your South African tax residency status? Get guidance from South Africa’s leading cross-border tax experts: https://bit.ly/3Pme6fh Like, subscribe, and comment if this episode helped clarify the risks of relying on AI for tax advice.Support the show

Send us Fan MailSouth African expats face significant tax exposure when foreign income is under-declared or when tax residency status is misunderstood. Junaid Bhayla (Tax Attorney & Team Lead: Tax Debts) and Alex Mahundla (SARS Tax Compliance Specialist) explain the real risks expats face when declaring worldwide income.  This episode unpacks: 00:00 – How SARS Penalties Escalate for Expats 00:20 – | What Tax Residency Really Means 01:24 The Most Common Expat Mistake 02:22 SARS Penalties 03:41 How SARS Knows About Worldwide Income 04:42 Relief Options Available to Expats 05:49 Why Formal Cessation Matters 07:03 | Final Takeaway for Expats   Speak to a tax specialist to ensure your compliance: https://bit.ly/3Pme6fhSupport the show

Send us Fan MailMany assume that simply relocating makes them a non-resident for South African tax purposes, but this is not the case.  The South African Revenue Service (“SARS”) requires a formal process to cease tax residency, and confusion around the three-year rule, five-year rule, and day-count tests can result in costly penalties. Take control of your tax status and protect your foreign income. By formally ending your South African tax residency and using backdated applications, if necessary, you can prevent penalties, remain compliant, and safeguard the income you earn abroad. Click the link to learn how to correctly cease your South African tax residency: https://bit.ly/4rDr5tWTopics Discussed: 00:00 – Intro  01:17 – Importance of Knowing Your Tax Status 03:17 – Distinction Between Non-Residency and Deregistration 06:07 – Ceasing Tax Residency: Myths Debunked 10:02 – Steps towards correcting past non-compliance through backdated financial emigration. 12:27 – Importance of Timely Action and Offshore Assets 17:02 – Third-Party Reporting and Global Information Exchange #CeaseTaxResidency #SATaxResidencyRules #HiddenTaxRisksSupport the show

Send us Fan MailIf you have been told that leaving South Africa for 330 days automatically ends your tax residency, think again.  Spending a certain number of days outside South Africa or relying on a double taxation agreement does not automatically change your tax residency. SARS treats tax residency as an ongoing assessment, so your South African tax residency status must be formally reviewed and confirmed.  Click the link to review and formalise your South African tax residency: Non-Resident Confirmation Letter: https://bit.ly/43S810WTopics covered: 00:00 – Being outside South Africa for 330 days ≠ automatic non-residency. 00:56 – Ceasing residency requires a formal SARS application. 02:56 – How the physical presence test is often misunderstood. 04:36 – Residency is assessed annually, and simply leaving South Africa does not end it. 06:38 – A SARS non-resident confirmation letter stating the qualifying basis is essential; without it, you remain a resident.07:31 – Do not self-assess; SARS verification with expert guidance ensures correct filing. #TaxResidency #SARSCompliance #ExpatTaxTipsSupport the show

Send us Fan MailSouth Africans are facing a hidden tax increase known as bracket creep, where rising salaries push earners into higher tax brackets because the tax tables have not been adjusted for inflation. In this Moneyweb Now interview, Tanya Tosen, Tax and Remuneration Specialist at Tax Consulting South Africa, explains how SARS is projected to collect an additional R19.5 billion this year (R18 billion from income tax and R1.5 billion from medical aid tax credits) without changing the official tax rates. Key Highlights What bracket creep is and why unadjusted tax tables create it How higher salary increases can push you into a higher tax bracket The impact on take-home pay and cost of living Why both employees and freelancers must monitor their own tax compliance]  #SARS #BracketCreep #IncomeTaxSupport the show

Send us Fan MailWhat really happens when you step from the classroom into South Africa’s leading tax practice? During a KayaFM interview, Rendani Makatu, Tax Intern & Expatriate Tax Support Specialist at Tax Consulting South Africa, shares the lessons no textbook could prepare him for. From the realities of tax law changes to the traps South Africans face when moving abroad, Rendani explains what every listener needs to know. During this interview, you will hear: Why young professionals must stay sharp with SARS updates. The truth about tax residency if you plan to live or work abroad. How the “golden letter” from SARS protects expats. Why hiding income from SARS isn’t an option. If you are considering emigration or already abroad, do not leave loose ends with SARS. Contact us today so our team can help you get compliant, file correctly, and protect your income: https://bit.ly/46zrC6o  #ExpatriateTax #DoubleTaxAgreement #TaxResidencySupport the show

Send us Fan MailEnsure that all your income is fully compliant. Learn how to manage your taxes and avoid penalties: https://bit.ly/47AvDcV  Join Jashwin Baijoo, Associate Director and Head of Strategic Engagement & Compliance as he discusses SARS’s latest focus on social media influencers and content creators during his SAfm interview with Jimmy Moyaha. Learn what income must be declared, how SARS tracks worldwide earnings, and practical steps for influencers to stay compliant. #SARSCompliance #InfluencerTax #DigitalEconomy What You Will Learn:   00:00 – Introduction 00:15 – SARS targets social media influencers and digital content creators 01:12 – Definition of gross income and worldwide income obligations 02:12 – Practical implications for South African residents working abroad 03:11 – Importance of tax advisors and record-keeping 04:10 – Educational resources and webinars available for influencers 05:08 – How brand deals, sponsored content, and non-cash income are treated 06:53 – Global information exchange and tracking foreign income 07:16 – Closing insights and recommendationsSupport the show

Send us Fan MailRead the full article and contact our team today: https://bit.ly/4n7naD5 In a recent vodcast, Chrispos Seete (SARS Tax Compliance Specialist) and Alex Mahundla (SARS Tax Compliance Specialist) from Tax Consulting South Africa explain how a Tax Diagnostic Report provides a non-triggering SARS health check across your entire profile.  Key Highlights 00:00–02:00 Why paying penalties without filing results in recurring charges 02:00–04:30 What a Tax Diagnostic Report covers and why it is non-triggering 04:30–07:00 Handling missing or inactive tax numbers and SARS appointments 07:00–09:30 Checking historic returns and deemed Capital Gains Tax 09:30–12:00 Using the report before withdrawing retirement funds or applying for an Approval for International Transfer (AIT) PIN 12:00–14:30 CIPC directorship checks and the need for deregistration 14:30–17:00 Filing as resident or non-resident and common flagged returns 17:00–20:00 Why ceasing tax residency needs formal confirmation and professional help #SARS #TaxDiagnostics #ExpatTaxSupport the show

Send us Fan MailIn this SAFM Market Update interview, Alex Mahundla (SARS Compliance Specialist at Tax Consulting South Africa) explains why a Tax Diagnostic Report is an essential compliance tool for every taxpayer, especially for individuals with complex tax affairs.  Key insights from the interview: What a Tax Diagnostic Report is and how it works Why confirming your residency status with SARS is critical How outdated details, outstanding returns, and liabilities can trigger penalties Why even South African residents with local income should consider a report The consequences of waiting for SARS to act before you do Get ahead of your tax affairs and avoid unnecessary penalties. A Tax Diagnostic Report provides the clarity you need to remain compliant and file correctly.  Book a consultation with our tax attorneys: https://bit.ly/45Jc80D  #TaxDiagnostic #SARS #TaxCompliance #ExpatTax #TaxConsultingSouthAfricaSupport the show

Send us Fan MailRead the full article: https://bit.ly/3I8OstqSpeak to our specialists: https://bit.ly/3IcnAbXCould your foreign retirement funds soon be taxed in South Africa?  In this discussion, Delano Abdoll (Legal Manager: Cross-Border Taxation) and John-Paul Fraser (Team Lead: Cross-Border Taxation) unpack how SARS’ proposed removal of the foreign pension exemption could affect expatriates, returning residents, and high-net-worth individuals with offshore retirement funds. From Double Taxation Agreements (DTAs) to the two-pot system, they reveal the risks, timelines, and urgent planning steps every client and practitioner must understand. Topics: 00:00 - Intro 01:26 – The Removal of Foreign Pension Fund Exemptions 03:27 – South Africa’s Deficit and the Push to Increase Tax Collection 05:25 – Tax Residency Rules and the Impact on Foreign Pensions 08:22 – Public Comment Period Closing 12 September 2025 17:36 – Practical Advice for Taxpayers and Retirement Planning  #SARS #DoubleTaxation #TLAB2025Support the show

Send us Fan MailCan SARS take money directly from your bank account?  Yes, and it is already happening. In this episode, Tax Attorney Junaid Bhayla and Associate Director and Head of Strategic Engagement and Compliance, Jashwin Baijoo, break down how tax debt arises, what triggers SARS collection, and how legal relief can protect you from criminal liability or asset loss.  Visit our website for more info: https://bit.ly/4lBwMF7Support the show

Send us Fan MailThe 31 August 2025 provisional tax deadline is fast approaching, are you prepared?  Whether you are a freelancer, expatriate, or run your own business, this episode featuring Priscilla Sefoka, Tax Administrator, and Thokozile Kumalo, Tax Consultant, will help you understand exactly what you need to do to stay compliant and avoid SARS penalties. Need help filing your provisional tax? Contact Tax Consulting South Africa today for expert assistance: https://bit.ly/45cVV3g  #ProvisionalTax #TaxFilingSeason2025 #TaxPodcast What You Will Learn:  00:00 – Introduction 00:56 - What Is Provisional Tax? 01:28 - Purpose of Provisional Tax 01:54 - Provisional Tax ≠ Additional Tax 02:23 - Who Qualifies as a Provisional Taxpayer? 02:50 - Legal Definition from the Income Tax Act 03:18 - Documents to Prepare for Provisional Tax 03:47 - Examples of Source Documents 04:27 - Importance of Passport Stamps 04:56 - Risks of Late Submission & Payment 05:48 - Interest and Penalties Explained 06:14 - Key Provisional Tax Deadlines 07:02 - Third Voluntary Payment Deadline 07:30 - 2026 Deadline Falls on a Sunday: What to Do 07:54 - Recommended Payment Date: 29 August 2025Support the show

Send us Fan MailSARS is sharpening its focus on expatriate tax compliance in 2025.  In this episode Delano Abdoll, Legal Manager of Cross Border Taxation and Admitted Attorney, and Richan Schwellnus, Tax Attorney, Admitted Attorney and General Tax Practitioner unpack recent amendments to tax return filings, declaration obligations, and residency status reporting—affecting both SA expats and returning expats. Learn the differences between Financial Emigration and Double Taxation Agreement cessation, how to ensure compliance, and what SARS is really watching in 2025: https://bit.ly/4eZQTKE.  Subscribe for expert tax insights. What You Will Learn:  00:00 – Introduction and Key Updates from SARS 01:27 – Reinstating Tax Residency 03:30 – Who Must File Abroad & Split Return Rules 09:37 – New Forms & Compliance Risks 12:01 – Audits, Revenue Goals & Burden of Proof 14:41 – Ceasing Residency: Who Should or Should Not 17:03 – Expat Tax Exemption & Eligibility (s10(1)(o)(ii)) 20:38 – Days Test & DTA Scrutiny for Rotation Workers 22:42 – Final Insights & Key Takeaways#ExpatTaxCompliance #SARS2025Updates #SouthAfricanExpatsSupport the show

Send us Fan MailAre you a South African working abroad? You may still be taxed by SARS on your global income.  In this all-new podcast episode, John-Paul Fraser (Team Lead: Cross-border Taxation) and Mornay Bornman (Admitted Attorney: Expat Tax Specialist) reveal how the Double Taxation Agreement (DTA) can be your saving grace. Whether you are a rotational worker in the Middle East or a remote earner with ties to South Africa, this episode will help you understand your legal options and tax rights.  Visit our website to see how our team supports South African expats with reliable tax solutions and full compliance while working abroad: http://bit.ly/3Is85fS   Key topics in the podcast:   00:00:00 – Introduction  00:00:50 – What is the Double Taxation Agreement (DTA)? 00:05:35 – What is the Tie-Breaker Test? 00:07:08 – Why South African Expats Should Care About Tax Residency 00:09:58 – DTA vs Financial Emigration vs Section 10(1)(o)(ii) 00:16:34 – Why Choose Tax Consulting South Africa  #SouthAfricanExpats #ExpatTaxRelief #DoubleTaxationAgreement #TaxConsultingSASupport the show

Send us Fan MailIn this SAfm interview, Tshepo Thebyane, Senior Tax Consultant at Tax Consulting South Africa, joins Jimmy Moyaha to unpack SARS’s latest digital innovation - the Express tab on eFiling - designed to simplify the tax return process for 2025.What You Will Learn:00:00 – Introduction 00:06 – Tax season updates from SARS00:26 – What is Express Access?01:05 – How it improves the eFiling experience01:57 – Why SARS is introducing this02:42 – Is Express Access mandatory?03:44 – When do changes take effect?04:52 – Key tax season deadlinesContact us for professional tax assistance: http://bit.ly/4le2QPm#TaxSeason2025 #SARS #eFilingSupport the show

Send us Fan MailEarning extra income in South Africa? You might be risking more than you think.  Whether you are working a second job, earning freelance income, or picking up part-time work in retirement, SARS wants its share, and it has the tools to get it. In this CapeTalk interview, Nicolas Botha, Tax Compliance Manager at Tax Consulting South Africa, explains how to stay on the right side of the law when juggling multiple income streams.  If your side hustle is serious, your tax plan should be too. Visit our website before SARS visits you: https://bit.ly/44meTnCKey Topics Covered: 00:00 - Introduction   00:20 - Why more South Africans are turning to side hustles   01:00 - How SARS taxes extra income and freelance gigs   02:16 - Declaring cash income and common mistakes to avoid   04:00 - What retirees need to know about post-retirement jobs   07:08 - Should you register a business for your side hustle?    #SideHustleTax #SARSCompliance #TaxTipsSASupport the show

Send us Fan MailIn this interview with Radio 786, Jashwin Baijoo (Associate Director and Head of Strategic Engagement and Compliance) at Tax Consulting South Africa, unpacks SARS’ record R2.3 trillion revenue collection. Key topics include: How SARS' modernisation strategy, driven by AI and automation, has improved efficiency. The role of the Compliance Programme in identifying and acting on deliberate non-compliance. The VAT increase, and how SARS is protecting against revenue leakage through audits and verification. Relief mechanisms available for financially distressed taxpayers. Why enhanced collection capabilities may be more effective than blanket tax hikes. For more information, read the full article: https://bit.ly/3Y0dgZv #SARS #TaxCompliance #SouthAfricanTax #RevenueCollection #VAT #Radio786 #TaxConsultingSupport the show

Send us Fan MailAre you a South African expat planning to access your retirement funds? Watch this  @MoneywebHoldings interview before you make your next move. Retirement and Pension Fund Specialist Shuanita de Wet from Tax Consulting SA explains the game-changing SARS directive that came into effect on 11 April 2025. With "emigration withdrawal" now phased out, expats must comply with the new “cessation of residency” process—or risk delays, rejections, and tax exposure.  Topics Covered: 00:45 – Why SARS replaced “emigration withdrawal” with “cessation of residency” 02:04 – New tax directive process and what changes on 11 April 2025 03:30 – Which retirement funds and annuities are affected 04:56 – Risks of non-compliance and SARS’s use of AI for enforcement 06:35 – How to stay compliant: the role of tax diagnostics and professional advice  Visit Tax Consulting South Africa for more guidance and expert insights: https://bit.ly/4jAU9xs  #SARS #TaxDirectives #SouthAfricanExpats #RetirementFunds #TaxResidency #FinancialPlanning #TaxCompliance #ExpatTax #TaxConsultingSA #SAfm #ShuanitaDeWet #SouthAfricaFinance #CrossBorderTax #EmigrationSupport the show

Send us Fan MailIn this interview with Radio 786, Jashwin Baijoo (Associate Director and Head of Strategic Engagement and Compliance) at Tax Consulting South Africa, unpacks SARS’ record R2.3 trillion revenue collection. Key topics include: - How SARS' modernisation strategy, driven by AI and automation, has improved efficiency. - The role of the Compliance Programme in identifying and acting on deliberate non-compliance. - The VAT increase, and how SARS is protecting against revenue leakage through audits and verification. - Relief mechanisms available for financially distressed taxpayers. - Why enhanced collection capabilities may be more effective than blanket tax hikes. For more information, read the full article: https://bit.ly/3Y0dgZv #SARS #TaxCompliance #SouthAfricanTax #RevenueCollection #VAT #Radio786 #TaxConsultingSupport the show

Send us Fan MailSouth African exchange control regulations have become stricter, especially for high-net-worth individuals (HNWI) and expats moving large sums abroad. In this episode, Richan Schwellnus (Tax Attorney and General Tax Practitioner) and Michelle Phillips (Tax Attorney) provide clear guidance on how to approach international transfers in line with SARS and Reserve Bank requirements.  Topics:  00:00 – Why exchange control compliance matters now more than ever 03:07 – What is Financial Emigration and its impact on your banking04:04 – Understanding AIT (Approval for International Transfer) and what SARS looks for 06:11 – How long does it take to get approval to move funds offshore?  Subscribe for more expert insight, comment with your questions, share this episode with your network, and visit our website for tailored guidance on exchange control and tax compliance. https://bit.ly/4iT5eKb  #ExchangeControl #FinancialEmigration #TaxResidency #AITApproval #HighNetWorth #SouthAfricanExpats #OffshoreFunds #SARSCompliance #CrossBorderTax #TaxConsultingSupport the show

Send us Fan MailThinking about moving back to South Africa after working abroad? SARS may be waiting to assess your tax affairs - and the consequences of non-compliance can be severe.In our latest podcast, Richan Schwellnus (Tax Attorney) and Nicolas Botha (Tax Team Compliance & Processing Manager) discuss:00:28 - Why SARS is increasing scrutiny on expats returning home 06:06 - The "golden ticket" every expat should secure before repatriating07:01 - How a simple bank transaction could trigger an unexpected audit07:30 - The possible 200% penalty risk for undeclared foreign income08:56 - Steps to ensure a smooth and compliant transition back to South AfricaDo not let SARS catch you off guard! Need expert assistance? Visit our website for more information: https://bit.ly/4iVXkiR#SARS #SouthAfrica #TaxCompliance #Expats #ReturningHome #TaxPlanning #FinancialEmigrationSupport the show

Send us Fan MailBracket Creep Explained: Does Your Salary Increase Costing You?  Are you really earning more after a salary increase, or is Bracket Creep reducing your take-home pay? Tanya Tosen, Master Mobility, Tax, and Remuneration Specialist, joins PowerFM to break down this hidden tax challenge. Key discussion points: 2:02 – 03:03 What is Bracket Creep? 03:04 – 04:46 Direct implications and consequences of Bracket Creep 04:47 – 06:35 How salary increases can leave taxpayers with less money 06:37 – 07:03 Who is most affected by Bracket Creep? 07:04 – 08:17 Standard employer practices and their impact 08:18 – 09:30 How to mitigate Bracket Creep and optimise salary structures 09:31 – 10:52 How SARS reviews tax benefits and employer structuring 10:53 – 12:02 Are employees financially worse off, or do they break even? 12:03 – 15:27 The benefits of a higher Cost to Company approach 15:28 – 18:06 The difference between tax planning and tax evasion Do not let Bracket Creep erode your salary - read our in-depth article here: https://bit.ly/43Dbilq#BracketCreep #SalaryIncrease #TaxTips #FinancialPlanning #Hot1027FM #SouthAfrica #Taxation #IncomeTax #WealthManagement #TaxConsulting #FinancialWellnessSupport the show

Send us Fan MailAre you really benefiting from your salary increase? Tanya Tosen, Master Mobility, Tax, and Remuneration Specialist, explains how unadjusted tax brackets and inflation can erode your earnings - and what you can do about it. During this interview, Tanya covers: 00:58 – 01:53 Why a salary increase does not always mean more money 01:54 – 04:03 How inflation and tax brackets impact earnings 04:04 – 04:52 The importance of structuring salary packages correctly 04:53 – 05:18 Flexible benefits that can boost take-home pay 05:19 – 06:35 Employer vs employee considerations in remuneration planning 06:36 – 07:23 Top tier professionals restructured packages worries Want to learn more? Read the full article here: https://bit.ly/3Y9ZROkSupport the show

Send us Fan MailMany professionals are receiving increases—yet seeing less in their bank accounts. In this important  @KayaON959 interview, Tanya Tosen (Master Mobility, Tax & Remuneration Specialist) offers critical analysis on how bracket creep and stagnant tax thresholds are undermining income growth for employees and complicating remuneration strategies for employers.  Key topics:   00:30 – Bracket creep explained: what it means and why it matters  02:26 – Why salary increases may be taxed at higher marginal rates  05:17 – The risk of bonus payouts pushing earners into higher tax brackets  07:36 – The real cost of inflation-adjusted increases and government benchmarks  11:46 – Structuring smarter: flexible benefit models and cost-to-company strategies Like, comment, and share if these insights are relevant to you or your organisation.  For tailored remuneration and tax advisory services, visit the website for more information: https://bit.ly/4hRawo8 #BracketCreep #TaxSouthAfrica #SalaryStrategy #SMEEmployers #HighIncomeTax #RemunerationAdvice #KayaFM #TanyaTosen #TaxConsultingSouthAfricaSupport the show

Send us Fan MailWith a growing tax gap and increasing global scrutiny, South Africa’s revenue authority is investing heavily in enforcement capacity, modern systems, and data-driven oversight. In this  @KayaON959 interview, Jashwin Baijoo, Associate Director at Tax Consulting South Africa, explains the strategic and operational shifts that could redefine how high-net-worth individuals interact with SARS.  Key Topics:   00:31 – The shrinking tax base and scale of non-compliance  01:45 – Unpaid taxes and the R800 billion revenue gap  03:05 – SARS’s investment in AI, automation, and systemic upgrades  04:47 – Why some taxpayers opt out of voluntary compliance  06:15 – Balancing enforcement, wealth protection, and investor confidence  09:42 – The growing focus on tax advisors and planners  Subscribe for expert insight, share the interview with your network, and visit our website for more resources and guidance: https://bit.ly/426QCQa  #TaxCompliance #SARS #HighNetWorthIndividuals #WealthManagement #FinancialAdvisory #SouthAfrica #TaxStrategy #AIinTax #KayaBiz #TaxConsultingSupport the show

Send us Fan MailBacked by a R7.5 billion allocation in the national budget, the South African Revenue Service is deploying artificial intelligence, recruiting skilled professionals, and leveraging global data-sharing agreements to intensify its compliance operations. High-net-worth individuals are now under greater scrutiny than ever before.  In this CapeTalk interview, Jashwin Baijoo, Associate Director at Tax Consulting South Africa, details how SARS is implementing artificial intelligence measures, and what taxpayers need to know about their increased exposure.  What topics are covered:   01:41 – How SARS plans to use AI and data to improve compliance 03:01 – The risks and limitations of automation in tax enforcement 05:04 – Global data sharing and its impact on HNWIs 06:32 – Criminal consequences for non-compliance 07:45 – Civil enforcement actions and taxpayer remedies 08:18 – How to protect yourself: legal representation and strategic engagement  Stay informed - Subscribe to our channel for more insights into tax, finance, and legal matters and visit our website for professional guidance tailored to your needs. https://bit.ly/4com29H #AIinTax #Compliance #SouthAfrica #CapeTalk #TaxAudits #Cryptotax #SARS #TaxConsultingSA #2025BudgetSupport the show

Send us Fan MailMany South Africans remit funds abroad or receive international transfers, but misconceptions about exchange control regulations can lead to financial and legal pitfalls. In this podcast, tax attorneys Richan Schwellnus and Michelle Phillips break down the key considerations for individuals and businesses dealing with cross-border transactions. Topics Covered:  00:00 - Introduction to Exchange Control Regulations 00:31 - Common misconceptions and key mistakes 01:26 - How offshore transfers, travel spending, and credit cards impact allowances 04:13 - SARB approvals, banking requirements, and compliance obligations 07:06 - Expert advice on avoiding financial risks and penalties  Stay informed, seek professional guidance, and ensure compliance to avoid costly mistakes. https://bit.ly/4bqRKCDLike, share and subscribe for more expert insights on tax and financial regulations.   #ExchangeControl #TaxCompliance #FinancialEmigration #CrossBorderFinance #SouthAfricanExpatsSupport the show

Send us Fan MailIn this episode of the OFM Business Hour, John-Paul Fraser, Team Lead for Cross-Border Tax, provides expert insights into the ongoing debate around Wealth Tax in South Africa and its potential implications. Key discussion points include: 00:40 – 01:57 The economic challenges a Wealth Tax could present for the country. 01:58 – 03:14 Critical aspects missing from the current conversations on Wealth Tax. 03:15 – 04:21 How many individuals, including high-net-worth individuals, have ceased their tax residency in the past five years. 04:22 – 05:58 John-Paul’s perspective on Wealth Tax and possible alternatives that may be raised in the Budget Speech. Stay informed on this crucial tax discussion. Listen the full interview here. Click here to read more on our latest article about wealth tax: https://bit.ly/4kXmkb9#WealthTax #TaxCompliance #FinancialEmigration #OFMSupport the show

Send us Fan MailIn this episode of HOT 102.7 FM’s HOT Business, Jeremy Maggs and John-Paul Fraser, Team Lead for Cross-Border Tax, discusses the pressing issue of a Wealth Tax in South Africa and what it means for taxpayers.In this interview, he covers:• What exactly Wealth Tax is and how it differs from Income Tax• How individuals can calculate their potential Wealth Tax liability• The practicality and risks of implementing a Wealth Tax• The process of ceasing tax residency in South Africa• Steps for individuals looking to explore financial emigrationListen to the full discussion to gain expert insights on these important tax matters.Click here to read more on our latest article about wealth tax: https://bit.ly/41FiaMh#WealthTax #TaxCompliance #FinancialEmigration #CrossBorderTax #OFM #SouthAfricaSupport the show

Send us Fan MailSidney Fletcher, Senior Manager: Trust and Deceased Estate Tax Compliance at Tax Consulting SA, explains the critical changes in SARS’ approach to trust compliance. In this Moneyweb interview, Sidney highlights the introduction of administrative penalties for trusts failing to submit tax and IT3(t) returns. He details SARS’ expanded reporting requirements, including beneficial ownership registers and resolutions for all trustee decisions.Sidney’s insights shed light on how these changes align with global efforts to combat financial crime and ensure transparency. Compliance is no longer optional—it is essential for all trusts to act swiftly.Read the full article to stay ahead of these changes: https://bit.ly/40PP2CQ#TrustCompliance #TaxCompliance #SARSUpdates #TaxConsulting #TrustManagement #FinancialPlanning #StayCompliantSupport the show

Send us Fan MailDuring this conversation, Lovemore Ndlovu, Head of SARB Engagement and Expatriate Compliance at Tax Consulting South Africa, joins Jeremy Maggs to discuss the critical factors involved in transferring funds overseas and staying compliant with tax regulations. Lovemore explains the consequences of a cancelled Tax Compliance Status (TCS) PIN and provides actionable advice on how to avoid costly delays, administrative hurdles, and potential reputational damage. Listen to expert guidance on how to ensure smooth and compliant international fund transfers, backed by professional insight. For more details, read the full article here: https://www.taxconsulting.co.za/all-must-be-in-order-with-the-tax-man-to-ensure-you-can-smoothly-transfer-funds-overseas/ #ExpatTax #InternationalTransfers #TCSCompliance #FinancialSecurity #HotFM  Support the show

Send us Fan MailIn this episode, Richan Schwellnus, (Tax Attorney) and Lovemore Ndlovu (Head of SARB Engagement and Expatriate Compliance), clarify the myths and misconceptions surrounding financial emigration.   As thousands of South Africans explore life abroad, many mistakenly believe that ending South African tax residency fully removes tax obligations. They cover everything from tax residency status and legal commitments to common concerns about costs, complexities, and the "exit tax" on qualifying assets.   This episode is essential for South Africans abroad seeking informed guidance on financial emigration to ensure compliance and peace of mind. Support the show

Send us Fan MailJashwin Baijoo, Head of Strategic Engagement & Compliance, sits down with Tasneem Pandor, CIPC Secretary at Tax Consulting South Africa, to discuss the nuances of registering a company in South Africa.   Key Topics:  00:17 - Overview of company registration with CIPC and related applications 01:22 - Role of CIPC and its connection with SARS 02:08 - Tax types managed by CIPC and SARS 02:27 - Rules for resident vs. non-resident shareholders 02:50 - Endorsement requirements for foreign shareholders 03:09 - Compliance for foreign directors 03:31 - Updates to CIPC systems and challenges 04:21 - Recent system updates and verification processes 05:09 - Concept of beneficial ownership 06:24 - Common pitfalls in company registration 07:42 - Future use of AI by CIPC For more information and expert guidance on company registration and compliance in South Africa, please visit our website. Our team of specialists is here to assist you with all your corporate and tax needs. https://bit.ly/3RCHDC1Support the show

Send us Fan MailListen to Micaela Paschini, Tax Attorney at Tax Consulting South Africa, on Hot FM as she delves into the essentials of VAT compliance for businesses.   Micaela covers key topics such as the threshold for mandatory VAT registration, the process of paying VAT, and the implications of failing to register. Do not miss this segment to keep your business compliant and informed on VAT essentials!   For more information on VAT compliance, contact us: https://bit.ly/40EGkYC  #HotFM #TaxConsulting #TaxCompliance #VAT Support the show

Send us Fan MailAre you a South African expat or remote worker struggling to understand your tax obligations?   In this video, John-Paul Fraser (Tax Attorney) and Chavaughn Phillips (Expatriate Tax Specialist) break down the key differences between the Foreign Employment Income Exemption (Section 10) and Double Tax Agreements (DTA) to help you make the best choice for your unique situation.   Learn how Section 10 can provide tax relief for South African tax residents with foreign employment income and how DTAs can potentially cease your tax residency status, offering broader relief across various income types. We cover the pros, cons, and common misconceptions to help you through these complex tax processes.   Visit our website for more information. Cross-border Taxation  Follow us on all podcast platforms for more expert insights! Podcast | Tax Consulting South Africa Link to podcast: Foreign Employment Income Exemption VS DTA.wav Support the show

Send us Fan MailTune in to hear Jashwin Baijoo, Associate Director and Head of Strategic Engagement & Compliance at Tax Consulting South Africa, discuss SARS' latest warning to non-compliant crypto traders and investors.   He discusses SARS' upcoming multilateral agreement, set for November 2024, which will enable the global exchange of crypto-related information. With more than 5.8 million South Africans holding crypto assets, he covers the legal remedies available to avoid tax penalties and even the risk of prison time.   Read the full article: https://bit.ly/4dXHAZA  #CryptoTax #SARS #TaxCompliance #TaxConsulting Support the show

Send us Fan MailIn this episode, Mbalenhle Mahlaba, Expatriate Tax Consultant, and John-Paul Fraser, Tax Attorney, discuss the complexities South African expatriates face when receiving an inheritance from South Africa.   They cover key considerations such as tax residency status, estate duty, and the process of transferring inherited funds abroad. Learn how to manage potential pitfalls, avoid double taxation, and understand the importance of financial emigration for a seamless experience.   Tune in to get expert advice on securing your inheritance while staying compliant with SARS. Support the show

Send us Fan MailIn this episode, Richan Schwellnus, Tax Attorney, and Nikolas Skafidas, SARS Tax Compliance and Processing Supervisor, discuss the key considerations for South Africans returning home after a period abroad.  As you recommence your residency in South Africa, several key factors must be addressed, including tax residency status, banking, and exchange control regulations.  Failure to declare foreign-sourced income to SARS could result in significant tax liabilities, making it essential to seek expert guidance.  Join us as we explore tax residency, asset structuring, and compliance with exchange control regulations to ensure a smooth transition back home. Support the show

Send us Fan MailIn this episode, Mbalenhle Mahlaba, Expatriate Tax Consultant, and John-Paul Fraser, Tax Attorney at Tax Consulting South Africa, take an in-depth look at the newly implemented Two-Pot retirement system, frequently asked questions and its significant impact on South African expatriates.  They explore the legislative changes and tax implications of this system, which offers a balanced approach by dividing retirement savings into an accessible portion for immediate financial relief and a secured portion locked until retirement.  Join Mbalenhle and John-Paul as they explore a much-debated retirement reform and essential benefits it offers for expatriates adapting to these changes. Support the show

Send us Fan MailEmigrating is more than just relocating; it comes with significant tax implications that every South African expatriate must consider. In this episode, Courtney Carstens, Expatriate Tax Consultant and Delano Abdoll, Legal Manager of Cross Border Taxation, delve into the foundational aspects of financial emigration for South Africans living abroad.  They will unpack the key tests for determining tax residency—the Ordinarily Resident Test and the Physical Presence Test—and walk through essential steps such as managing capital gains and obtaining the Approval International Transfer (AIT) Pin.   Understanding these processes is vital to ensuring compliance with SARS and avoiding any potential tax pitfalls. Tune in to gain valuable insights into understanding the complexities of tax residency and achieving a smooth financial emigration.  #TaxResidency #FinancialEmigration #ExpatTax #CeaseTaxResidency #AITPin #SARS Support the show

Send us Fan MailTune in to the latest Luno Crypto & Tax Podcast with Jashwin Baijoo, Associate Director and Head of Crypto Asset Compliance at Tax Consulting South Africa.  From understanding tax obligations for long-term investors to distinguishing between Income Tax and Capital Gains, Jashwin breaks down everything you need to know. Whether you are an experienced trader or new to the crypto world, this podcast will provide you with key information to ensure you meet your tax obligations with ease.  For more information on crypto asset compliance, read our article: https://bit.ly/3Y2JbJ5    #CryptoTax #LunoPodcast #TaxConsultingSupport the show

Send us Fan MailSouth African expats are increasingly considering a return home for its appealing lifestyle, reasonable cost of living, and accessible property ownership. Listen to our latest podcast episode, 'Expats Coming Back to South Africa,' with Jerry Botha, Managing Partner, as he shares crucial tips for a smooth transition, including legal considerations such as tax and exchange control.Support the show