SGCO Accounting

SARS is coming after these taxpayers in South Africa The South African Revenue Service declared a statement of intent towards enhancing voluntary compliance by High Wealth Individuals in the country, after it established a dedicated HWI unit in 2021.

Please note, we are moving!

From 01 September 2022 we will be located at:

OFFICE S212, 2nd FLOOR SOUTH BLOCK, THRUPPS ILLOVO CENTRE, 204 OXFORD ROAD ILLOVO.

Our current address will remain active UNTIL 31 AUGUST 2O22.

All email and telephonic details shall remain the same until further notice.

SARS is sending letters to C-level executives in South Africa – here’s what it says The South African Revenue Service (SARS) has started sending out letters to C-level executives in the country as a welcome and introduction to the tax collector’s new High Wealth Individual Unit.

SARS has a plan to increase tax collection in South Africa The South African Revenue Service has published its annual performance plan for 2022/23, outlining its strategies and biggest risks for revenue collection over the next few years.

South Africa’s middle class is in serious trouble right now The latest debt index from DebtBusters shows that middle-class South Africans are falling further into debt as over the past six years a material decline in disposable income and a higher debt burden are contributing to the financial challenges many South Africans are facing.

“Masterminds” of South Africa’s biggest Bitcoin scam summonsed — on the hook for R4.7 billion The liquidators of Mirror Trading International have issued a combined summons for 18 individuals, holding them liable for almost R4.7 billion that they say the scheme owes victims.

More tax for thousands of retirees in South Africa Thousands of retirees will find lower-than-expected pensions in their bank accounts at the end of this month owing to higher tax deductions. Thousands more already had this experience at the end of last month.

Woman remanded in custody after being arrested for allegedly defrauding SARS Pretty Sambo (31) was arrested and added to the list of six other people accused of defrauding the South African Revenue Service of almost R1 million

SARS is ramping up its systems to go after these taxpayers The South African Revenue Service (SARS) is intensifying collaboration with international tax authorities to identify non-compliant South African taxpayers, says André Daniels, legal manager of tax controversy and dispute resolution at Tax Consulting SA.