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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

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.

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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