Episodes

  • New Tax Directive to Impact Expats’ Retirement | Moneyweb | Shuanita de Wet
    Apr 22 2025

    Are 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 #Emigration

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    9 mins
  • SARS' R1.9 Trillion Revenue Collection: What It Means for South African Taxpayers | Radio 786 | Jashwin Baijoo
    Apr 15 2025

    In this interview with Radio 786, Jashwin Baijoo (Associate Director and Head of Strategic Engagement and Compliance) at Tax Consulting South Africa, unpacks SARS’ record R1.9 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 #TaxConsulting

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    7 mins
  • Exchange Control Compliance is Crucial When Transferring Funds Abroad
    Apr 2 2025

    South 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 banking
    04:04 – 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 #TaxConsulting

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    8 mins
  • Returning to South Africa? SARS is waiting for Expats Coming Home
    Apr 2 2025

    Thinking 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 repatriating
    07:01 - How a simple bank transaction could trigger an unexpected audit
    07:30 - The possible 200% penalty risk for undeclared foreign income
    08:56 - Steps to ensure a smooth and compliant transition back to South Africa

    Do 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 #FinancialEmigration

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    8 mins
  • Bracket Creep: Does Your Salary Increase Actually a Loss? | PowerFM | Tanya Tosen
    Apr 2 2025

    Bracket 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 #FinancialWellness

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    18 mins
  • How Salary Increases Can Reduce Your Take-Home Pay | HOT102.7FM with Jeremy Maggs | Tanya Tosen
    Apr 2 2025

    Are 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/3Y9ZROk

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    8 mins
  • Will Your Salary Increase Actually Leave You Worse Off? | KayaBiz Interview | Tanya Tosen
    Apr 2 2025

    Many 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 #TaxConsultingSouthAfrica

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    17 mins
  • Why SARS Has Struggled To Crack Down On Tax Non-Compliance Among High-Net-Worth Individuals
    Mar 27 2025

    With 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 #TaxConsulting

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    10 mins