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Earning extra income in South Africa? You might be risking more than you think.

Whether you are working a second job, earning freelance income, or picking up part-time work in retirement, SARS wants its share, and it has the tools to get it. In this CapeTalk interview, Nicolas Botha, Tax Compliance Manager at Tax Consulting South Africa, explains how to stay on the right side of the law when juggling multiple income streams.

If your side hustle is serious, your tax plan should be too. Visit our website before SARS visits you: https://bit.ly/44meTnC

Key Topics Covered:

00:00 - Introduction
00:20 - Why more South Africans are turning to side hustles
01:00 - How SARS taxes extra income and freelance gigs
02:16 - Declaring cash income and common mistakes to avoid
04:00 - What retirees need to know about post-retirement jobs
07:08 - Should you register a business for your side hustle?

#SideHustleTax #SARSCompliance #TaxTipsSA

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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 R2.3 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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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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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 R2.3 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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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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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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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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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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