What is CRS and why should I care?

What is CRS and why should I care? Jurisdictions that have agreed to and signed the recently implemented “Common Reporting Standard” (CRS) are obligated to obtain pertinent financial information from their financial institutions and automatically exchange this with other jurisdictions on an annual basis. Put simply, if you are living in a jurisdiction that has […]

Sars Update – “Ordinarily Resident” – South Africans abroad, do you pass the test?

The term “ordinarily resident” is not defined in South African legislation but has been interpreted by South African courts for almost a century when dealing with tax law matters. The South African Revenue Service (“SARS”), in 2002, released an Interpretation Note (“IN3”) that assisted taxpayers in understanding the term, and which considered case law as […]

Deceased Estates – Inheritance planning for South Africans Abroad

A death of a family member is never a topic that is likely to be discussed nor a discussion that is wanted however a reality that one needs to prepare for in future. Preparing for such events is key for a smooth transition in the closure and pay-out of deceased estates and inheritances.

South African Expats – Is your South African Passport at Risk

There appears a remarkable amount of misinformation flying about between South African expatriates abroad on when you can legally lose your South African passport. Is there any truth in that as a South African living and working abroad, you cease South African citizenship and must hand in your South African passport?

Double Taxation Agreement or Financial Emigration

What’s best? Financial Emigration VS Double Taxation Agreement

There is so much misinformation flying around the South African expatriate community at the moment. Service providers perpetuate this using scare tactics and promoting what will benefit them and their bottom line over what is best for expats at large.

South Africans Expats Abroad: A breakdown of the new Tax Law

South Africans Abroad: Tax Requirements

The new expatriate tax law comes into effect 1 March 2020. However, many South Africans abroad believe that the law has not been legally amended and will thus not affect them. This belief is unfortunately incorrect, as the law change has been fully enacted. We have provided a concise breakdown of the tax law above […]

South African Expatriates Abroad: Understanding New Tax Law

South African Expats Abroad: Understanding the Tax Law

South African expatriates need not only understand the new expatriate tax law but also act on it or face dire tax consequences come 1 March 2020.

South African Expats: Tax Compliance with new Tax Law to avoid prosecution from SARS

South African Expats – Hiding from SARS could lead to a criminal record without you even knowing

The South African Revenue Service (SARS) has stepped up their mission to reduce a massive tax deficit, by initiating a campaign with the National Prosecuting Authority (NPA) to prosecute non-compliant taxpayers who have failed to submit returns. This was announced in the media release dated 16 April 2018, indicating various court cases covering multiple parts […]

Can I Return To Live And Work In South Africa If I have Financially Emigrated?

Being declared a non-resident does not mean you are giving up your South African citizenship. Unless you formally renounce your citizenship, you will always legally be South African. You are able to come back to live and work in South Africa whenever you wish. To ensure you do so legally and without any restrictions, you […]

Expat Tax: No Such Thing As Small Fish

South Africans Abroad Emigrating from South Africa is not as simple as packing up your bags, jumping on a plane and setting up shop somewhere else. Unfortunately, there is still the issue of tax and no matter where you go, the taxman remains interested.

Tax Relief upon Financial Emigration for non-residency Status

The 2018 Budget Speech announced additional tax relief upon “Financial Emigration” for non-residency status.

Does financial emigration affect my South African residency status or citizenship?

Emigration (also referred to as formal or financial emigration) does not affect your birth right, citizenship or the right to retain your South African passport. It is often believed that officially emigrating requires you to give up your citizenship and identity as a South African – a very emotive issue. This is incorrect.

Tax laws for SA expats are changing: How to avoid getting stung by SARS

The South African economy has been left frustrated by the number of citizens moving abroad, and failing to resolve their domestic tax issues. This was noted in the Parliamentary hearings in 2017 as one of the main reasons why the tax laws on South Africans working abroad had to change. As SA faces the prospect of […]

What is the difference between emigration and immigration?

Immigration (physical relocation) – to another country from South Africa. Emigration (financial emigration) – from an exchange control perspective, is the financial exit from South Africa. On completion of this process your financial status in South Africa changes from resident to non-resident.