Returning to South Africa is a heartfelt journey, but it comes with tricky tax challenges. Many South Africans who lived abroad don’t realize that leaving the country doesn’t free them from their tax duties. The South African Revenue Service (SARS) pays close attention to these returnees, often leading to confusion and possible audits. To dodge these bumps in the road, it’s wise for returning expats to seek help from tax experts who can guide them through the maze of regulations and ensure a smooth homecoming.
South African Revenue Service (SARS) is taking firm action to combat tax evasion by international online retailers like Shein and Temu, who have been exploiting tax gaps to provide competitive pricing. SARS is revamping its tax rules and administrative procedures to extract taxes more efficiently from these platforms, and packages will be taxed at 45% plus VAT, the same percentage as local clothing retailers. SARS aims to forge a balanced marketplace for all retailers by plugging these tax gaps and conveying a potent message to online retailers that the era of tax loophole exploitation is coming to an end.
South Africa’s Revenue Service (SARS) is using CCTV technology in warehouses to monitor transactions and business operations, in line with international trends for greater transparency and efficiency in tax collection. The move is aimed at preventing the proliferation of illicit trade and safeguarding the South African economy. While the use of surveillance requires a careful balance between regulation and data protection, SARS’s adoption of advanced surveillance measures demonstrates a commitment to modernising tax administration and fostering compliance for the future.