Lowtax: Global Tax and Business Portal












South Africa Information: Business, Taxation and Investment

VIEW A DIFFERENT TAX JURISDICTION

On this page:
- South Africa Tax-News.com Coverage »
- South Africa Tax Treaty Updates from TreatyPro »
- South Africa Knowledge Base »
- South Africa Comments »

 

South Africa News Coverage

- 02/02/2012 Africa Targets Free Trade Area By 2017
- 01/02/2012 South Africa-San Marino DTA Enters Into Force
- 23/01/2012 South Africa Introduces Waste Tyre Levy
- 30/12/2011 Record Export Year For Ireland
- 09/12/2011 South Africa Looks For Adviser On Islamic Bond Issues

More South Africa Tax News »


South Africa Tax Treaty Updates from TreatyPro

Treaty Update: Gibraltar - South Africa
6/2/2012
The government of Gibraltar has announced Gibraltar and South Africa signed a TIEA on February 2, 2012.

Treaty Update: South Africa - San Marino
31/1/2012
South Africa's TIEA with San Marino was published in South Africa's Gazette on January 28, 2012, and entered into force immediately.

Treaty Update: South Africa - Hong Kong
20/12/2011
Hong Kong's Financial Secretary John Tsang has confirmed that during meetings between government officials on December 13, 2011, South Africa and Hong Kong have agreed to open negotiations towards a bilateral DTA.

More South Africa Tax Treaty Updates from TreatyPro »

South Africa Knowledge Base

South Africa Executive Summary

- SOUTH AFRICA EXECUTIVE SUMMARY

South Africa Country and Foreign Investment

- SOUTH AFRICA GEOGRAPHY
- SOUTH AFRICA HISTORY, POPULATION, LANGUAGE AND CULTURE
- SOUTH AFRICA GOVERNMENT
- SOUTH AFRICA ECONOMY AND CURRENCY
- SOUTH AFRICA ENTRY AND RESIDENCE
- SOUTH AFRICA BUSINESS ENVIRONMENT
- SOUTH AFRICA INVESTMENT INCENTIVES

South Africa Types Of Company

- SOUTH AFRICA INTRODUCTION
- SOUTH AFRICA PRIVATE LIMITED COMPANY
- SOUTH AFRICA PUBLIC LIMITED COMPANY (Ltd)
- SOUTH AFRICA SECTION 53(B) COMPANY
- SOUTH AFRICA EXTERNAL PARTNERSHIP
- SOUTH AFRICA EXTERNAL COMPANY (BRANCH)

South Africa Domestic Corporate Taxes

- SOUTH AFRICA SCOPE OF INCOME TAX
- SOUTH AFRICA INCOME TAX RATES
- SOUTH AFRICA CALCULATION OF TAXABLE BASE
- SOUTH AFRICA FILING REQUIREMENTS, PAYMENT OF TAX
- SOUTH AFRICA WITHHOLDING TAXES
- SOUTH AFRICA SALES TAXES AND VAT

South Africa Tax-Efficient Regimes And Sectors

- SOUTH AFRICA TAX-EFFICIENT BUSINESS FORMS
- SOUTH AFRICA TAX-PRIVILEGED BUSINESS SECTORS

South Africa Personal Taxes

- SOUTH AFRICA RESIDENCE AND LIABILITY FOR TAXATION
- SOUTH AFRICA RATES OF INCOME TAX
- SOUTH AFRICA SOCIAL SECURITY TAXES
- SOUTH AFRICA PROPERTY TAXES AND STAMP DUTY
- SOUTH AFRICA INHERITANCE AND GIFT TAXES

South Africa Double Tax Treaties

- SOUTH AFRICA DOUBLE TAX TREATIES
- SOUTH AFRICA TABLE OF TREATY RATES
- SOUTH AFRICA OTHER INTERNATIONAL AGREEMENTS

South Africa Table Of Statutes

- SOUTH AFRICA TABLE OF STATUTES

South Africa Services Directory

- Accounting/Auditing
- Asset Protection
- Aviation Services
- Banking Services
- Brokerage/Trading
- Captive Insurance
- Company Formation
- Corporate Services
- Expatriate Services
- Financial Planning
- Internet/E-Commerce
- Legal Services
- Marine Services
- Pensions/QROPS/QNUPS
- Tax Planning
- Trust Management
- Wealth Management

Related Information

- MAP OF SOUTH AFRICA
- OFFSHORE SERVICES DIRECTORY
- SOUTH AFRICA SUMMARY OF DOMESTIC TAX REGIME
- SOUTH AFRICA TAXATION OF EXPATRIATES
- SOUTH AFRICA INTERNATIONAL HOLDING COMPANIES
- SOUTH AFRICA FISCAL INCENTIVES
- SOUTH AFRICA THE INDUSTRIAL DEVELOPMENT CORPORATION

South Africa Features

- FOREIGN INVESTMENT IN SOUTH AFRICA - By Caroline Maxwell, London
This article examines South Africa's position in the international investment community in 2005. We look at the current business infrastructure, and the country's strengths, weaknesses, and growth areas.

- INVESTMENT INCENTIVES IN SOUTH AFRICA - By Caroline Maxwell, London
In this article we look at some of the major tax privileged investment opportunities offered by the South African government to encourage foreign direct investment.

- OUTWARD INVESTMENT FROM SOUTH AFRICA - THE OFFSHORE PERSPECTIVE - By Jason Gorringe, London
In this article, we look at the international investment possibilities for South African residents and corporations.



Lowtax Network Comment System

To ask a question or if you have an opinion you want to share: start a new thread, or reply to a thread below:

Topic: South Africa
South African Resident working out of the country on an expat basis...
I am a South African Resident working in Africa. I am out of the country for 30 days and then home for 30 days. What are the SA TAX implications? I am not in possesion of an IRP5. Do I have to pay TAX in SA?  
Read Replies | Reply | Start New Thread
Topic: South Africa
RE : ASSISTANCE, COACHING AND MENTORING IN CERTIFICATE IN TAXATION (BEGINNERS) - SOUTH AFRICA
I have actually registered for a cetificate in Taxation course, and really want to understand it, as I want to pursue a career in Taxation. But, I somehow experience problems with the calculations and really need assistance in order to understand this. I need someone who will be able to take me step by step. I really want to pass this course and looking forward to advancing to the Advance certificate level next year. Please help. Topics ranging from: Income Tax and deductions, Capital allowances, Capital gains, etc.

I be glad if I can get assistance in everything concerning the course, step by step approach. I need someone who will be able to give me support, who will be my coach and my mentor and simplify things for me for the whole year, someone I will be able to contact anytime, either by e-mail, telephone or face to face.

Regards,

Ntebo.
e-mail: ntebo.sabasaba@gmail.com or Nteboheng.Sabasaba@eskom.co.za

 NTEBO
Read Replies | Reply | Start New Thread
Topic: South Africa
South Africa tax liability? confused.
I am a UK based individual contractor and run my own limited company.
Another UK based company has subcontracted an assignment to me which is based in South Africa. I would be paid by the UK company at a daily rate (in the UK) and the client (in South Africa) has agreed to bear all my costs - boarding, lodging, accomodation, food, etc.). The contract will last 12 months but I will be visiting UK every 3-4 months (for a week or two).
I will pay corporation/business tax and individual PAYE tax in the UK.
From my discussions with the UK based company, we feel that I won't be liable for any taxes in South Africa. Please can someone shed some light on this subject.
 David
Read Replies | Reply | Start New Thread
Topic: South Africa
The Cost of Buying a Property in Australia?
We want to sell some of our property here in SA and use the money to buy something in Australia. We will still live and work in SA but will own an investment in Australia.
What extra taxes or charges do we need to be aware of here in SA and over in Australia when doing something like this? Are there any restrictive regulations we should know about?  Simone
Read Replies | Reply | Start New Thread
Topic: South Africa
Tax Incentives for Edcon Holdings
Hi,I have constantly trying to find out if there are any tax incentives for edcon holdings as well as its competitor foshini group.But I have had no luck.Any Ideas???  JJS
Read Replies | Reply | Start New Thread
Topic: South Africa
Tax of property
Hi,
I have a property in South Africa which I am in the process of selling. I do not live in SA. I do not have a SA income tax number as I am a British Citizen and have never worked in SA. Do I have to pay tax on it and if so how would one do that if I am not a SA citizen and have no tax particulars?

Regards  
Read Replies | Reply | Start New Thread
Topic: South Africa
RE : ASSISTANCE, COACHING AND MENTORING IN CERTIFICATE IN TAXATION (BEGINNERS) - SOUTH AFRICA
I have actually registered for a cetificate in Taxation course, and really want to understand it, as I want to pursue a career in Taxation. But, I somehow experience problems with the calculations and really need assistance in order to understand this. I need someone who will be able to take me step by step. I really want to pass this course and looking forward to advancing to the Advance certificate level next year. Please help. Topics ranging from: Income Tax and deductions, Capital allowances, Capital gains, etc.

I be glad if I can get assistance in everything concerning the course, step by step approach. I need someone who will be able to give me support, who will be my coach and my mentor and simplify things for me for the whole year, someone I will be able to contact anytime, either by e-mail, telephone or face to face.

Regards,

Ntebo.
e-mail: ntebo.sabasaba@gmail.com or Nteboheng.Sabasaba@eskom.co.za

 NTEBO
Read Replies | Reply | Start New Thread
Topic: South Africa
Which way to go???
Can anyone give me some pointers on this dilemna and maybe the pros and cons? There may be a scenario that has not been considered which would be a better approach.

I am starting employment with a multi-national company in a pan-African Business Development role. I have a number of options in how I could be paid and am hoping that someone can shed some light on what would be the most effective (tax beneficial) to my bottom line. The scenarios are as follows:
1. I can be employed in South Africa and pay regular PAYE etc.
2. I can be employed out of the Seychelles and have money paid to me in any currency into any bank account. If I then transfer funds (all or just a percentage) to South Africa (to live on) I believe that I will have to declare this to SARS. In this approach I believe that I can claim against the earnings for things like office expenses, phone etc as a "Provisional Tax Payer".
3. I can be issued with 2 employment contracts: One contract where I am declared as a South African employee and paid a percentage of the total earnings in SA Rands and be subject to normal PAYE. And a second contract where I am employed as a Seychelles employee, paid the balance of the total salary in any currency into any bank account. Obviously should I wish to remit funds from the offshore account to South Africa this would have to be declared to SARS.

Are there any distinct dis/advantages to any of the above 3 approaches?
Many thanks in anticipation.  GB
Read Replies | Reply | Start New Thread
Topic: South Africa
Starting a business
I am thinking about starting a business. I am a student and as such don't have much money laying around for all the advice. I think my business idea would be highly profitable and would like some advice on incorporating it offshore or onshore. I will probably make a few million ZAR a year which will then rise, if I am right about my idea.:-) With the new tax-avoidance law it doesn't look good to start offshore. At the beginning of the business's life, it will be just me, where I will then later expand in terms of HR. The business will mostly generate income worldwide, not just from South Africa.

Is their tax efficient (tax avoidance - the legal way of avoiding paying too much tax) options for starting my business offshore? (I am a South African citizen, South Africa is my place of residence).
Are their options that are tax efficient to starting a business offshore?
Will it be possible to remain in RSA and run the business?

Any opinions, websites, books, etc and advice will be welcomed.  IsOffshorePossible
Read Replies | Reply | Start New Thread
Topic: South Africa
Inward Investment Tax
Please can you let me know if I bring US $ into South African for invest will I pay tax on the money before I put the investment capital to work?
Thank you for your responce. Chris  
Read Replies | Reply | Start New Thread


Lowtax Forums More
 Personal Business Tax Guide 20 Topics
 Singapore 9 Topics
 Costa Rica 3 Topics
 Qatar No topics yet
 Panama 1 Topics
 Gibraltar 2 Topics
 Anguilla 5 Topics
 Dubai 8 Topics
 St Vincent & the Grenadines 1 Topics
 Monaco 1 Topics
 Investors Offshore 12 Topics
 Cyprus 14 Topics
 Lithuania 1 Topics
 South Africa 11 Topics
 Andorra 17 Topics
 Botswana 2 Topics
 Jersey 2 Topics
 Romania 4 Topics
 Mauritius 6 Topics
 Grenada No topics yet
 
Render RSS Feed

IndexPriceLastChg
BEL 20 32.462304.581.4286
DAX 111.046766.671.6684
IBEX 30 88.98861.21.0134
CAC 40 51.263427.921.5181
FTSE 100 1055901.071.8116
AEX Amsterdam 3.27326.331.0122
DJ Industrial Average 156.8212862.231.2343
Nasdaq Composition 45.982905.661.6079
FTSE MIB 163.1216439.621.0022
TSX Composite 23.812577.280.1896
ASX -13.14320.1-0.3023
Hang seng 17.5320756.980.0845
Straits Times 16.912917.950.5829
ISEQ 20 11.13506.952.2448
Market data updated every 15 minutes


Strategic Partners

Lowtax Network Portal: 'Low-tax' business and investment in the top 50 jurisdictions covered in exceptional detail.
Tax News
: Global tax news, continuously updated through the day.
Investors Offshore: The independent offshore and alternative investment guide for expatriates and the globally aware investor. Sponsored by HSBC Bank International.
Law & Tax News: Daily news and background data on tax and legal developments for international business.
Offshore-e-com: A topical guide to offshore e-commerce focused on tax and regulation.
Lowtax Library: One of the web's largest and most authoritative business and investment information sources.
US Tax Network: The resource for free online US taxation information, covering: corporate tax, individual tax, international tax, expatriates, sales and e-commerce tax, investment tax.
Personal Business Tax Guide: Providing essential tax news and information on business for contractors, entrepreneurs, professionals, small businesses, artists, sportspersons and entertainers.
Offshore Trusts Guide: OTG publishes news, features and newsletters on the use of offshore trust structures.
TreatyPro: The online tax treaty resource.