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Can I open offshore company/trust in tax-haven countries to avoid paying full tax in SA?

Posted 17 May 2015 under Tax Q&A


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Ismail Khan says:
12 May 2015 at 14:59

Is it LEGAL or ILLEGAL? Can I open offshore company/trust in tax-haven countries like Mauritius to avoid paying full tax in South Africa? I would like to know is it legal or illegal as per SARS code of conduct? waiting for reply.

This entry was posted in Tax Q&A and tagged . Bookmark the permalink.

TaxTim TaxTim says:
12 May 2015 at 15:44

This is a very complicated area of tax and you should consult a tax attorney about these matters to avoid falling foul of the income tax act.


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Need help
submitting your
Tax returns?


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

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