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

By Marc Sevitz · Updated

Ismail Khan

Ismail Khan said:
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 Marc

TaxTim Marc said:
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.