ARTICLE · 19 AUGUST 2026

SARS KNOWS!!!

The Sovereign Group

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SARS has announced the filing dates for the 2026 tax season which will open 13 July 2026. We remind all clients that, as tax residents, you are required to declare your worldwide income, not just amounts earned locally in South Africa. This includes earnings from foreign employment, investments, rental income, and any offshore structures. For those taxpayers who choose (or have previously chosen) not to disclose, this decision will not be without consequences. Why?

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The Sovereign Group

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SARS has announced the filing dates for the 2026 tax season which will open 13 July 2026. We remind all clients that, as tax residents, you are required to declare your worldwide income, not just amounts earned locally in South Africa. This includes earnings from foreign employment, investments, rental income, and any offshore structures. For those taxpayers who choose (or have previously chosen) not to disclose, this decision will not be without consequences. Why?

SARS is using the data it receives under the Standard for Automatic Exchange of Financial Account Information in Tax Matters – more commonly known as the Common Reporting Standard (CRS) – to gather information on the offshore assets of South African tax residents.

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