In this episode, Richan Schwellnus, (Tax Attorney) and Lovemore Ndlovu (Head of SARB Engagement and Expatriate Compliance), clarify the myths and misconceptions surrounding financial emigration.

As thousands of South Africans explore life abroad, many mistakenly believe that ending South African tax residency fully removes tax obligations. They cover everything from tax residency status and legal commitments to common concerns about costs, complexities, and the "exit tax" on qualifying assets.

This episode is essential for South Africans abroad seeking informed guidance on financial emigration to ensure compliance and peace of mind.

Jashwin Baijoo, Head of Strategic Engagement & Compliance, sits down with Tasneem Pandor, CIPC Secretary at Tax Consulting South Africa, to discuss the nuances of registering a company in South Africa.

Key Topics:

00:17 - Overview of company registration with CIPC and related applications
01:22 - Role of CIPC and its connection with SARS
02:08 - Tax types managed by CIPC and SARS
02:27 - Rules for resident vs. non-resident shareholders
02:50 - Endorsement requirements for foreign shareholders
03:09 - Compliance for foreign directors
03:31 - Updates to CIPC systems and challenges
04:21 - Recent system updates and verification processes
05:09 - Concept of beneficial ownership
06:24 - Common pitfalls in company registration
07:42 - Future use of AI by CIPC

For more information and expert guidance on company registration and compliance in South Africa, please visit our website. Our team of specialists is here to assist you with all your corporate and tax needs. https://bit.ly/3RCHDC1

Listen to Micaela Paschini, Tax Attorney at Tax Consulting South Africa, on Hot FM as she delves into the essentials of VAT compliance for businesses.
 
Micaela covers key topics such as the threshold for mandatory VAT registration, the process of paying VAT, and the implications of failing to register. Do not miss this segment to keep your business compliant and informed on VAT essentials!
 

For more information on VAT compliance, contact us: https://bit.ly/40EGkYC

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