Tag: TaxRisk
A SARS audit doesn’t have to be a crisis
Running a business means managing risk every day. Whether it's protecting assets, managing cash flow or ensuring regulatory compliance, business leaders understand the importance of planning for the unexpected. However, one risk often receives far less attention. It is the possibility of a tax audit.
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.
VAT enforcement risks demand proactive legal oversight
Value-Added Tax (VAT) remains one of the most powerful revenue instruments available to the South African fiscus. In practical terms, it continues to rival personal income tax as a primary contributor to government revenue. It also remains indispensable to the South African Revenue Service (SARS)’s collection mandate. This reality matters.
Tax diagnostic review – a strategic reset for the year ahead
As we step into 2026, there is no better time for taxpayers to gain clarity on their standing with the South African Revenue Service (SARS). Many individuals assume their tax affairs are in perfect order. However, as the saying goes, assumption is the mother of all mistakes. When dealing with SARS, that mistake can become costly.
