Tag: Lambert Roberts
SARS sharpens focus on high-wealth individuals and donations
Recent communication by the South African Revenue Service (SARS) signals an increased focus on high-wealth individuals. It highlights how these individuals fund trusts, companies and similar structures. This applies especially where arrangements may trigger donations tax exposure.
Moving funds offshore successfully through SARS approval
With the South African Rand (ZAR) hovering at its strongest level since the start of 2025, at around R17.30 to the US dollar, many high-net-worth individuals (HNWIs) are enquiring about urgently moving funds offshore before year-end to take advantage of the currency’s current strength.
SARS discontinues printed letters – what taxpayers need to know
The South African Revenue Service (SARS) has officially discontinued the printing and posting of all system-generated letters, effective 31 May 2025. From this date forward, all correspondence will be delivered electronically via eFiling and other digital platforms. This shift reflects the fact that SARS discontinues printed letters as part of its broader digital strategy.
