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This page was last
updated in December 2012
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In this section:
- South Africa Tax-News.com Coverage »
- South Africa Tax Treaty Updates from TreatyPro »
- South Africa Knowledge Base »
- South Africa Comments »
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- 04/06/2013
SARS Asks Employers For Payroll Info Compliance
- 30/05/2013
South Africa, Mauritius DTA Revisions Could Catch Out Multinationals
- 28/05/2013
South Africa Puts Tax Compliance As Priority
- 23/05/2013
AfDB To Help African Countries Exploit US AGOA
- 22/05/2013
US Again Leads Global Fund Investor Experience Ranking
More
South Africa Tax News »
Treaty Update:
South Africa - Various
10/5/2013
South Africa's DTA Protocols with Oman, Norway, Malta, and Costa Rica, and a DTA with Chile were approved by the nation's National Assembly at its meeting on May 8, 2013.
Treaty Update:
Qatar - South Africa
11/4/2013
Qatari Sultan Qaboos bin Said on April 9, 2013 ratified the pending DTA Protocol the nation signed with South Africa.
Treaty Update:
South Africa - Various
10/4/2013
South Africa's DTA Protocol with Norway and Malta; its DTAs with Chile and Samoa; and a tax information exchange agreement with Costa Rica was forwarded to South African parliament for its approval on March 27, 2013.
More
South Africa Tax Treaty Updates from TreatyPro »
South Africa Knowledge Base
- South Africa Executive Summary
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- South Africa Entry and Residence
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South Africa Private Limited Company
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South Africa Public Limited Company (Ltd)
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South Africa Section 53(B) Company
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South Africa External Partnership
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South Africa External Company (Branch)
- South Africa Scope of Income Tax
- South Africa Income Tax Rates
- South Africa Calculation of Taxable Base
- South Africa Filing Requirements, Payment of Tax
- South Africa Withholding Taxes
- South Africa Sales Taxes and Vat
- South Africa Tax-Efficient Business Forms
- South Africa Tax-Privileged Business Sectors
- South Africa Residence and Liability for Taxation
- South Africa Rates of Income Tax
- South Africa Social Security Taxes
- South Africa Property Taxes and Stamp Duty
- South Africa Inheritance and Gift Taxes
- South Africa Introduction
- South Africa Table of Treaty Rates
- South Africa Other International Agreements
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Management
Related Information
- Map of South Africa
- Offshore Services Directory
- South Africa Summary of Domestic Tax Regime
- South Africa Taxation of Expatriates
- South Africa International Holding Companies
- South Africa Fiscal Incentives
- South Africa: The Industrial Development Corporation
South Africa Features
- Foreign Investment in South Africa - By
Caroline Maxwell, London
This article examines South Africa's
position in the international investment
community in 2005. We look at the current
business infrastructure, and the country's
strengths, weaknesses, and growth areas.
- Investment Incentives in South Africa -
By Caroline Maxwell, London
In this article we look at some of the
major tax privileged investment opportunities
offered by the South African government
to encourage foreign direct investment.
- Outward Investment from South Africa - The Offshore Perspective - By Jason Gorringe,
London
In this article, we look at the
international investment possibilities
for South African residents and corporations.
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South Africa Comments
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Topic:
South Africa
South African citizen living in Mauritius
Please could I have advise on the below options plse
I'm a South African citizen who has bank investments earning interest in South Africa -if I'm living in Mauritius full time do I pay the rate of tax in South Africa for an individual or pay the Mauritian rate on the income earned from South African investment ?
Or If the bank investments are in the name of a trust in South Africa and im living in mauritius does the trust pay tax on the interst and then pays a dividend to me . If so Then do I pay further tax I'm Mauritius
Or is it better to open a bank account in the name of the south african trust / personal name and move the bank investment to Mauritius bank and earn interest there and then what tax rate will I pay in Mauritius trust personal .
Plse can I contact you
Andrew
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Topic:
South Africa
Tax implications when out of South Africa for 6 Months
Hi - I'm a Permanent Resident of South Africa and intend to live in Europe for min 6 Months every year. 1) Will I have to pay Tax in full in SA and eventually get a refund later for the 6 Months or more that I'll be out of the country, or 2) Can I avoid paying taxes in South Africa in full , or at least for the 6 months that I'll be abroad?
Serban
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Topic:
South Africa
Inheriting money from overseas
Hi, I have inherited some money from my parents in the UK. Its about R500 000 and I'd like to know if this is taxable when I bring it into SA. I also have a family trust in SA, so I'd like to know if it would be better to move it into that or my personal account.
John
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Topic:
South Africa
Reallocating back to South Africa but working for a U.S. based company
I have permanent residency in South Africa and planning to move back soon after a few years in the U.S.
Since I will be working as a contractor for my U.S. employer, I need professional advice, from a tax perspective, whether its best to receive the income into a U.S. based company that I will need to register OR is it best to register a South African company which will receive the income?
I am not familiar with the pros and cons of either option so any help will be greatly appreciated!
Jakino
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Topic:
South Africa
RE : ASSISTANCE, COACHING AND MENTORING IN CERTIFICATE IN TAXATION (BEGINNERS) - SOUTH AFRICA
I have actually registered for a cetificate in Taxation course, and really want to understand it, as I want to pursue a career in Taxation. But, I somehow experience problems with the calculations and really need assistance in order to understand this. I need someone who will be able to take me step by step. I really want to pass this course and looking forward to advancing to the Advance certificate level next year. Please help. Topics ranging from: Income Tax and deductions, Capital allowances, Capital gains, etc.
I be glad if I can get assistance in everything concerning the course, step by step approach. I need someone who will be able to give me support, who will be my coach and my mentor and simplify things for me for the whole year, someone I will be able to contact anytime, either by e-mail, telephone or face to face.
Regards,
Ntebo.
e-mail: ntebo.sabasaba@gmail.com or Nteboheng.Sabasaba@eskom.co.za
NTEBO
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Topic:
South Africa
South Africa tax liability? confused.
I am a UK based individual contractor and run my own limited company.
Another UK based company has subcontracted an assignment to me which is based in South Africa. I would be paid by the UK company at a daily rate (in the UK) and the client (in South Africa) has agreed to bear all my costs - boarding, lodging, accomodation, food, etc.). The contract will last 12 months but I will be visiting UK every 3-4 months (for a week or two).
I will pay corporation/business tax and individual PAYE tax in the UK.
From my discussions with the UK based company, we feel that I won't be liable for any taxes in South Africa. Please can someone shed some light on this subject.
David
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Topic:
South Africa
The Cost of Buying a Property in Australia?
We want to sell some of our property here in SA and use the money to buy something in Australia. We will still live and work in SA but will own an investment in Australia.
What extra taxes or charges do we need to be aware of here in SA and over in Australia when doing something like this? Are there any restrictive regulations we should know about?
Simone
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Topic:
South Africa
Tax of property
Hi,
I have a property in South Africa which I am in the process of selling. I do not live in SA. I do not have a SA income tax number as I am a British Citizen and have never worked in SA. Do I have to pay tax on it and if so how would one do that if I am not a SA citizen and have no tax particulars?
Regards
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Topic:
South Africa
RE : ASSISTANCE, COACHING AND MENTORING IN CERTIFICATE IN TAXATION (BEGINNERS) - SOUTH AFRICA
I have actually registered for a cetificate in Taxation course, and really want to understand it, as I want to pursue a career in Taxation. But, I somehow experience problems with the calculations and really need assistance in order to understand this. I need someone who will be able to take me step by step. I really want to pass this course and looking forward to advancing to the Advance certificate level next year. Please help. Topics ranging from: Income Tax and deductions, Capital allowances, Capital gains, etc.
I be glad if I can get assistance in everything concerning the course, step by step approach. I need someone who will be able to give me support, who will be my coach and my mentor and simplify things for me for the whole year, someone I will be able to contact anytime, either by e-mail, telephone or face to face.
Regards,
Ntebo.
e-mail: ntebo.sabasaba@gmail.com or Nteboheng.Sabasaba@eskom.co.za
NTEBO
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Topic:
South Africa
Which way to go???
Can anyone give me some pointers on this dilemna and maybe the pros and cons? There may be a scenario that has not been considered which would be a better approach.
I am starting employment with a multi-national company in a pan-African Business Development role. I have a number of options in how I could be paid and am hoping that someone can shed some light on what would be the most effective (tax beneficial) to my bottom line. The scenarios are as follows:
1. I can be employed in South Africa and pay regular PAYE etc.
2. I can be employed out of the Seychelles and have money paid to me in any currency into any bank account. If I then transfer funds (all or just a percentage) to South Africa (to live on) I believe that I will have to declare this to SARS. In this approach I believe that I can claim against the earnings for things like office expenses, phone etc as a "Provisional Tax Payer".
3. I can be issued with 2 employment contracts: One contract where I am declared as a South African employee and paid a percentage of the total earnings in SA Rands and be subject to normal PAYE. And a second contract where I am employed as a Seychelles employee, paid the balance of the total salary in any currency into any bank account. Obviously should I wish to remit funds from the offshore account to South Africa this would have to be declared to SARS.
Are there any distinct dis/advantages to any of the above 3 approaches?
Many thanks in anticipation.
GB
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Topic:
South Africa
Starting a business
I am thinking about starting a business. I am a student and as such don't have much money laying around for all the advice. I think my business idea would be highly profitable and would like some advice on incorporating it offshore or onshore. I will probably make a few million ZAR a year which will then rise, if I am right about my idea.:-) With the new tax-avoidance law it doesn't look good to start offshore. At the beginning of the business's life, it will be just me, where I will then later expand in terms of HR. The business will mostly generate income worldwide, not just from South Africa.
Is their tax efficient (tax avoidance - the legal way of avoiding paying too much tax) options for starting my business offshore? (I am a South African citizen, South Africa is my place of residence).
Are their options that are tax efficient to starting a business offshore?
Will it be possible to remain in RSA and run the business?
Any opinions, websites, books, etc and advice will be welcomed.
IsOffshorePossible
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