In principle, the Exchange Control Special Voluntary Disclosure Programme is a good idea. In practice, confusion and difficulty reign..
Trusts are still the best solution to protect your assets.
It has often been said that one cannot squeeze blood out of a stone - but that is not stopping tax authorities around the world from having a good go at doing so.
Avoid foreign death taxes.
Meeting the criteria determines the extent to which SARS may impose understatement penalties.
The Common Reporting Standard may give rise to reporting beyond disclosures in regularisation programmes.
On 21 October 2016 judgement was handed down by the High Court (Gauteng Division, Pretoria) in the matter of BMW South Africa (Pty) Ltd v Commissioner of the South African Revenue Service (as yet unreported).