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Info & Lifestyle
The categories in this section covers the most common aspects of planning, preparing, investing and/or moving to the province. They are designed to be informative in a simple and straightforward manner. We cannot stress enough the need to appreciate the implications, logistics and cultural issues when  trying to fulfill your dream. While much of the information is based on requirement some of the guidance and detail has come from our own experience.Companies included are reputable and promoted mainly based on our own experience.

Please use the CONTACT US page should you require any further information or guidance.



Choose a Category
  • A Cape Dreams Introduction
  • African Dream -- Nelson Mandela
  • Airlines & Customs Information
  • Banking & Currency
  • Bishops Move - Removals
  • British Consulate / Passports
  • Buying Immovable Property
  • C & A Friedlander - Attorneys
  • Cape Town History
  • Climate & Weather
  • Communications
  • Crime / Police & Justice
  • Driving Information
  • Education
  • Eisenberg & Assoc - Immigration./ ID
  • Employment
  • Gay Society
  • Insurance --- Medical Aid & Care
  • Languages
  • Non Res SA
  • Pensions/Retirement
  • Pets Abroad
  • Public Holidays
  • Religion
  • Taxation & Accounting / VAT
  • Utilities / Services / Dam Levels
  • Zumpt's Non-Resident Survival Guide
  •    

    Taxation & Accounting / VAT Description

    South African tax law comprises of a number of direct and indirect taxes. Direct taxation mainly comprises of income and capital taxes, which includes tax on the sale profit element of property with some exemption in respect of your primary residence. Indirect is VAT which is levied at 14% on most products purchased.Displayed prices should include VAT. Furthermore, Excise & Custom duties are imposed on all goods entering South Africa.

    VAT refunds may be claimed back by foreign tourists / non residents on items being taken out of the country. You are required to have the original VAT Invoice, Passport, Flight Ticket, plus the items available for inspection. They must be presented at a VAT or Customs and Excise office, In the V & A Waterfront,which is situated on the second floor of the Clock Tower Centre. In order to complete the paper work, you would need to produce all your invoices, passport as well as confirmation of flight details. The operating hours are: Monday to Saturday 09h00am 17h30pm; Sundays 10h00am 17h30pm.
    or if you have time, at Cape Town Airport, prior to departure and you are required to fill out a VAT refund control sheet (VAT255)

    Inbound Duty Free Allowances per person -:
    50ml Perfume,250ml Eau de Toilette, 2 Litres of Wine, 1 Litre Spirit, 200 Cigarettes, 50 Cigars, 250 g of Tobacco. New or used goods not exceeding R3000 in value.
    Outbound Duty Free Allowances are the same and also detailed in the Useful Information Category under Staying & Playing.

    The South African Revenue Service is know as SARS.
    For further information please visit - www.sars.co.za

    South Africa does hold a fully ratified tax treaty with the UK which means you should only pay tax on income / capital gain once, in whichever country


    It is almost impossible to detail out the personal income and capital taxation levies as each persons liability or not, will certainly differ Whether you are a Non Resident or a Permanent Resident and you have any form of income, investment and resulting income in South Africa you well may have a tax liability at some point, particularly if you spend more that 91 days in South Africa in any tax year. ( Tax Year Starts 1st March ) We cannot stress enough the need to seek tax advice if you intend to reside in South Africa

    In fact now you cannot sell your property unless you have a SARS tax registration number.
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    SARS has over a period of several years improved vastly their service delivery, particularly from the aspect of electronic submissions and payments.
    This does not do away with keeping accounting records and vouchers altogether, but certainly smoothes the logistics of dealing with SARS.

    A choice of entities with which to own your property or investments, or through which to trade, allows for alternatives for individuals to account for their investments or trade.




    If you require personal or business assistance and advice please contact -:

    KEVIN CHAPMAN
    CHAPMAN & ASSOCIATES

    WEBSITE - www.livegroup.co.za

    Cell - 0027 (0) 84 713 5884
    Fax - 0027 (0) 88 021 674 5884

    EMail -
    chapmanandassociates@iafrica.com

    Postal Address -
    PO Box 31335
    Tokai, 7966
    Cape Town

    5, Livingstone Road,
    Claremont, 7708
    Cape Town,
    South Africa.