Approval for International Transfers (AIT) system on efiling to replace the old Foreign Investment Allowance (FIA) system.
The change came out of the blue for taxpayers and tax practitioners as it is aimed to enforce compliance on taxpayers who are non-compliant.
Approval for International Transfers (AIT) – The New Process Read More »
This will not only affect individuals but also businesses, as the system will be used to ensure business are compliant with all tax types.
The CIPC link means that SARS can easily start linking the owners to companies and should one get flagged, the system will also start digging into the other to check for any other red flags.
Machine Learning to Expose Tax Dodgers Read More »
Individuals considering investing opportunities outside of SA In the last year, we have seen an increase in client queries regarding the requirements to take funds out of South Africa. This is not too surprising when you consider the world embracing a global marketplace or other reasons such as diversifying investments or better growth opportunities. The
Considering Investing Opportunities Outside of SA? Read More »
