Tag: SARS

Cryptocurrencies and tax – SARS will take its bite from your Bitcoin

Cryptocurrencies and tax – SARS will take its bite from your Bitcoin

In these blogs and in my discussions with clients the topic of cryptocurrencies has been raised on a regular basis. The fact is, whether you think this is a good investment opportunity or not, the South African Revenue Service (SARS) is sharpening its focus and intention to ‘mine’ it for tax revenue – as is within its rights. This is also not a new thing – SARS has been warning us for years.

Some musings on the new Tax strategy of SARS

Some musings on the new Tax strategy of SARS

How does a government increase its income without adding new taxes? After all, there are important local elections this year and reassuring the public that you REALLY will do your very utmost ‘bestest best’ NOT to pull the tax noose tighter, the Government needs more money.

Tax, tax breaks and taxing thoughts about becoming older

Tax, tax breaks and taxing thoughts about becoming older

Your company has a pension scheme – a good one, you are told – and you have savings in the bank. However, people are living much longer these days – generally 30 years past retirement. And life keeps getting more expensive – inflation is outpacing the interest you receive on the savings in your bank account…