NEWS | BY THE NUMBERS: EXPAT TAX THROUGH THE LENS OF EXPERTISE
On the minds of many South African expatriates are the options which are available to them for tax relief in South Africa, given the many changes made to the tax laws in South Africa.
NEWS | EMIGRATING AT 55 PLUS? YOU STILL PAY TAX AND YOU’LL WAIT FOR YOUR RA
If you’re 55 plus and have emigrated or are intending to emigrate, you’ll still have to submit annual returns to SARS and pay tax on your worldwide income for the rest of your life.
NEWS | SARS KEEPS TABS ON SOUTH AFRICA’S BRAIN DRAIN
South Africa has experienced a large brain drain over the past few years with many skilled South Africans emigrating. However leaving South Africa doesn’t mean you can forget your relationship with SARS.
NEWS | ARE YOU A MILLENNIAL AND EMIGRATING? DON’T KISS SARS GOODBYE YET
As a South African millennial income earner, even if you’re moving abroad, you’ll still have to declare your worldwide income to SARS on an annual or provisional basis.
NEWS | SARS ATTACK ON SOUTH AFRICAN TAXPAYERS ABROAD
Introduction of Automatic Exchange of Information The South African Revenue Service (SARS) has discovered R400bn in offshore holdings owned by South Africans and is on the rampage to collect all taxes that it is owed on these assets.
NEWS | FINANCIAL EMIGRATION AND THE CAPITAL GAINS TAX ‘PARTING GIFT’ TO SARS
South Africans who are already living abroad but have not yet properly financially emigrated need to be aware of the major benefits of taking the important step of ceasing tax residency to get their tax affairs in order with the SA Revenue Service (SARS).
NEWS | EXPATS CAN CASH IN RETIREMENT ANNUITIES TO HEDGE AGAINST VOLATILE RAND
South Africans living abroad who have not yet financially emigrated and cashed in their retirement annuity savings are concerned about the volatile rand exchange rate.
NEWS | WHAT EMIGRATING TAXPAYERS NEED TO KNOW IN 2021
South Africans emigrating to greener pastures may be prevented from leaving the country – or worse – if their application for tax clearance is denied by SARS.
NEWS | FINANCIAL EMIGRATION REMAINS THE CLEANEST ROUTE OUT OF SOUTH AFRICA
The process of financial emigration, which is the process that allows a taxpayer to formally place themselves on record as a non-resident for tax purposes with the South African Revenue Service (SARS), recently changed and came into effect on 1 March 2021.
NEWS | THE NEW FINANCIAL EMIGRATION ANNOUNCED BY SARB
Financial emigration is the process used by many South Africans abroad to formalise their non-resident status for both tax and exchange control purposes, and which is set to be amended, as mentioned a year ago in Budget 2020, and come into effect on 1 March 2021.
In the News
Worried about your assets when you break tax ties with South Africa, here are some tips.13/12/2024 - 09:15
Understanding and Changing Your Tax Residency Status in South Africa02/12/2024 - 14:00
Avoid nasty tax surprises by checking your tax residency status with SARS26/11/2024 - 12:23
Reporting Requirements for Ceasing South African Tax Residency20/11/2024 - 07:53
Financial Emigration: Legal and Compliance Considerations13/11/2024 - 08:55