We are happy to announce that we have recently branched out to the Western Cape and are offering our professional accounting, tax consulting and related services in Knysna and the surrounding areas.
The South African Revenue Services (SARS) has announced that taxpayers will be able to file their tax returns from 1 July 2021. Please let me know if you have any queries regarding tax returns and the 2021 tax season in general.
Around 23,000 tax residents leave South Africa each year – and government is about to tighten the noose. The Budget Review 2021 includes a proposal to impose a deemed retirement withdrawal tax on retirement assets of emigrants as an exit tax.
Finance Minister Tito Mboweni tabled a taxpayer-friendly Budget, which has taken into account the enormous strain that the COVID-19 pandemic has placed on households and businesses.
