Want to withdraw retirement funds on emigration? Try again in three years
The National Treasury published the Draft Taxation Laws Amendment Bill, 2020 (Draft Tax Bill) for public comment. By Joon Chong, partner, and Wesley Grimm, associate at Webber Wentzel One of the more contentious proposals in the Draft Tax Bill relates to the ability...
Expect a backlog in work visa application processing for foreigners
Xpatweb recently conducted an extensive Africa Permit Risk Survey on 70 multinational employers across Africa to understand the impact of travel restrictions due to Covid-19 on their projects and employees. Survey results show that 44% of respondents urgently require...
Staff repurposing as a response to Covid-19
Covid-19 has had a devastating impact on life in South Africa. Previously financially safe companies - large and small alike - have had to face heart-wrenching decisions that have put more people than ever into unemployment, exacerbating an already fragile economy and...
Zindi launches platform to place Africa’s data science talent
Zindi has launched its new recruitment platform to help organisations around the world find the data science talent they need. Zindi will draw on its community of more than 18 000 data scientists across Africa and the rest of the world to match companies and...
How employers can help stressed staff
If your organisation has staff who are financially stressed, you are losing out on productive working time. In fact, as many as half of all financially stressed employees spend three hours or more at work each week thinking about or dealing with personal financial...
Giving payroll ‘legs’ with a true SaaS solution
Although most organisations view payroll primarily as a way to remain compliant, calculate accurate net pay and pay employees in time, in reality, it goes way beyond these functions. The pace of change today, particularly when it comes to technology, is enabling...
Reward strategies beat remote working obstacles
With the sudden emergence of Covid-19, companies once hesitant to embrace remote working arrangements have been forced to allow employees to operate from home. "The results have been surprisingly positive, leaving some organisations to wonder why they didn't do it...
Repurpose and retrain your workforce after the pandemic
The global pandemic has brought increasingly difficult financial decisions into focus for many organisations. By Rob Bothma, strategic business solutions engineer at Oracle Realigning, stretching and strategically redeploying human resources has become increasingly...
Covid-19 relief may complicate provisional tax
The first period for provisional tax ends on 31 August. Provisional taxpayers must therefore have submitted their initial IRP6 return and settled any payments due by that date. "In addition, Covid-19 relief allowances make the calculation of estimated tax all the more...
A step closer to retirement reform in SA
The draft Taxation Laws Amendment Bill (TLAB) was published on 31 July 2020. By Jerry Botha, managing partner, and Jean Du Toit, head of tax technical at Tax Consulting South Africa As announced in the Budget Speech, any South African leaving in future will be subject...
Named and shamed by SARS: a possible deterrent?
The South African Revenue Service (SARS) has undertaken to make the filing of annual tax returns for the 2020 filing season as seamless as possible for individuals who diligently fulfil their tax obligations. By André Daniels, tax attorney at Tax Consulting SA At the...
Think twice before accepting SARS’ auto-assessment
SARS’ announcement that it has started auto-assessing certain taxpayers may lead some people to believe they no longer need to worry about their tax submissions. This is not the case, according to Thamsanqa Msiza, head of individual tax returns at Tax Consulting South...