The South African Revenue Service (SARS) is wanting to ensure tax compliance, deep diving into the minutiae of a person’s financial transactions and history.
The number of South Africans earning income abroad has been on the rise, piquing interest from the South African Revenue Service , says Victoria Lancefield, general manager at Tax Consulting SA and Khutso Makgoka, legal consultant at the company.
Tax Consulting SA uncovered a recent example of in-depth inquiries into foreign income disclosure following a recent application by a tax non-resident for a formal letter from SARS confirming their non-resident status.Queries posed to a husband as part of an investigation into a spousal couple’s income:
These types of messages, according to Tax Consulting SA, clearly show that SARS is not letting any detail go unnoticed. If a taxpayer earned any income during that period, it needs to have been declared – as they were still tax residents in South Africa- i.e. regardless of whether it was local or foreign income.
“Their tax residency status may fall into question, and they may not be awarded a non-resident confirmation letter by SARS until all non-compliance is corrected and any funds due to SARS are paid.”
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