by VDT Attorneys | Apr 16, 2025 | Emigration, Financial Emigration, Tax, Tax Advisory, Tax planning
A pivotal aspect of successful financial emigration is the change in tax residency. South Africa employs two main criteria to assess tax residency: the Ordinary Residency Test and the Physical Presence Test. Ordinary Residency Test: This test determines whether a...
by Tenile Timmins | Mar 26, 2025 | 2025 Budget Speech, 2025 Budget Speech South Africa, Budget Speech impact on finances, Financial Emigration, Personal tax changes South Africa, South Africa Budget 2025, South African economy, Tax Advisory
That’s why our expert panel, featuring Francois Fouche, Tanya Strauss, and Andrè van Niekerk, alongside Brendon Jones, CEO of the Adansonia Group, unpacked key takeaways from the 2025 national budget. Facilitated by Dr Damian Viviers from PH Attorneys, this discussion...
by VDT Attorneys | Jul 23, 2024 | Income Tax, Income Tax Act, Tax, Tax Advisory
Section 24O of the ITA can in certain circumstances be utilised in acquisition transactions when a company obtains financing to acquire equity shares in another company. The operative provision of this section essentially permits the interest levied on the financing...
by VDT Attorneys | Feb 21, 2024 | Donation, Donation tax, Tax, Tax Advisory, Tax liability, Tax planning, Wealth management
For tax purposes, a donation is defined as “any gratuitous disposal of property including any gratuitous waiver or renunciation of a right”. This means that the donation must be free or at no charge and should the donee (recipient) who receives a donation give...
by VDT Attorneys | Sep 8, 2023 | Estate Planning, Fiduciary Accounting, Tax Advisory, Tax Compliance, Wills and Trusts
With the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act 22 of 2022 (“Amendment Act”) having come into full effect on 1 April 2023, SARS has updated its online income tax return system to enable SARS to intensify the verification...
