Insights

Changes in Tax Residency: Impact on Trusts – A South African Perspective

The cessation of tax residency by trustees and beneficiaries of South African trusts introduces a multitude of intricate challenges that require meticulous consideration and strategic planning. This...

Chasing the Sun: Taxation, Voting, and Contributing to South Africa’s Success

If you were not glued to your television screen for the past five Sundays, watching Chasing the Sun 2 and reliving the 2023 Rugby World Cup glory, where have you been hiding?  Spoiler Alert:...

Dividend Withholding Tax

Do you have a resident company that is declaring dividends to its shareholders/beneficial owners? Let us unpack the tax implications! What is dividends tax? Dividends tax is a tax levied on...

Heartache of death and liquidity… 

How often do you do a budget?  Some of us might do a budgeting exercise monthly, some of us never, but how often do you think of having a budget for death…  It sounds silly, but think...

Budget Highlights

On 21 February 2024 the Minister of Finance, Enoch Godongwana, presented the Budget speech. View the image below to see how this years budget affects your tax. You may also download it if you like...

If I die without a will – will the state take my assets!!!

The death of a loved one is a highly emotional time – adding uncertainty into the mix, adds another level of stress. Planning can take away much of that uncertainty and part of that planning should...

Important Updates on IT3(t) Submissions for Trusts: How We Can Assist You

South Africa’s greylisting led to the promulgation of Act No. 22 of 2022: General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act. This resulted in amendments to several...

Does my Trust (or Trusts in general) have a future in South Africa?

This is a commonly asked question we have been asked in the past few months in light of the multitude of new legislative reporting obligations imposed upon Trusts for the purpose of addressing the...

Reviewing Your Last Will And Testament

What Does Reviewing Your Will Mean And What Should You Be Looking For? We are often told to review our will on a regular basis and /or at momentous occasions, births, deaths marriages, divorce etc....

Provisional Tax – Explained

The deadline for the second provisional tax period of the 2024 tax year is end February 2024. This year being a leap year means the deadline date is 29 February 2024. Provisional tax remains a...