Arro Collective Insights
The Impact of South Africa’s Budget Proposals on International Tax
An Article by Kemp Munnik for TAG ALLIANCES. “When Minister of Finance, Mr Enoch Godongwa, delivered his annual budget speech on 22 February 2023, he proposed some important changes that will have an impact from an international tax perspective.”
“Storm in a Teacup” on changes in Exchange Control Allowances
With effect from 24 April 2023, the South African Revenue Service enhanced the Tax Compliance Status system in which the TCS Pin letters are issued. This is no way amended, updated or replaced any matter with regards to exchange controls or commonly known as “Excon”.
What are the implications of the SARS High Wealth Individual Taxpayer Unit?
Marty Santana and Kemp Munnik discuss the impact - and implications - of the SARS High Wealth Individual Taxpayer Segment (HWI), which was established to increase voluntary compliance of high-net-worth taxpayers.
Published: 16 February 2022
The pressure is on for payroll departments at tax year-end
With the tax year-end upon us, payroll departments are gearing up for what is often an incredibly stressful time. Published 14 February 2022
Considering the objectives of a tax strategy
What is a tax strategy? Why does one need one? When is the best time to implement one? What is its importance for a business? These are some of the questions that Kemp Munnik answers about the objective of a tax strategy. Published: 07 December 2021
Have you taken the necessary care and diligence in completing your corporate income tax return?
No matter how big or how small your business – for an entrepreneur or for management – the same challenge faces all businesses: too much to do, too little time. Published: 01 September 2021
How to create systems that work for you
No matter how big or how small your business – for an entrepreneur or for management – the same challenge faces all businesses: too much to do, too little time. Published: 02 August 2021
Tax strategy - Why it matters and when it should start
Chances are, you’ve heard of a tax strategy, but you don’t know where to start? Just thinking about taxes might even make you nervous. Tax strategies have one over-riding objective: to increase your wealth. Published: 02 August 2021
What is IFRS for SME’s?
On 9 July 2009, the International Accounting Standards Board (IASB) issued the IFRS for SMEs. This is the first set of international accounting requirements developed specifically for small and medium-sized entities (SMEs). Published: 02 August 2021
Trusts and capital distributions on emigration
At a time when SARS is looking at high-net worth individuals and trusts for collection of more tax revenue, a look at the rules that apply to trusts and distributions of capital gains to beneficiaries is crucial. Published: 02 August 2021
The home office and tax purposes in South Africa
In a year where Covid has been rampant and many of the working conditions have changed, there should be some account of the additional costs incurred by taxpayers for working from home. Published: 02 August 2021