NEWS | MASSIVE JUMP IN THE NUMBER OF SOUTH AFRICANS APPLYING TO FINANCIALLY EMIGRATE

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With D-Day for overseas tax looming, expats are seeking ways to counter becoming sitting ducks for corner-cutting tax agents coming out of the woodwork for a kill.

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NEWS | SOUTH AFRICAN EXPATS IN SHARK INFESTED WATERS – EXPAT TAX LAW CHANGE COMMENCING MARCH 2020

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South African expats have been subjected to vast amounts of conflicting information regarding the amended expat law change, causing uncertainty and panic in their preparations for 1 March 2020.

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NEWS | THE EXCHANGE CONTROL REGULATION OF MONEY IN SOUTH AFRICA TO ABROAD

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With several alarming indicators showing that more South Africans are leaving the country, an increasing number of people have started to research their options on how to move money offshore. Tax Consulting SA has also noted a large increase in individuals who are expatriating funds and investing these funds offshore.

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NEWS | SOUTH AFRICAN TAX LAW – IS MAURITIUS YOUR NEW HOME

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South Africans living and working abroad are faced with possible taxation on their foreign earned income. The reason for this, is the amendment of section 10(1)(o)(ii) of the Income Tax Act No. 58 of 1962 – this section is commonly known as the “expat exemption”.

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EXPAT TAX: EXPERT ANSWERS FOR SOUTH AFRICANS LIVING AND WORKING ABROAD

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Thanks to popular demand, here are more ‘Expat Tax’ questions submitted by SAPeople members, with answers kindly provided by the expert tax team at Tax Consulting South Africa.

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NEWS | FINANCIAL EMIGRATION IS THE NEW WAY OUT

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Financial emigration is on the rise – by 30% over the last two years, according to Claudia Apicella, head of Financial Emigration, a specialist advisory group targeting financial emigres.

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TAX FILING SEASON – HERE ARE SOME CHANGES FROM SARS

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The South African Revenue Service (SARS) is acutely aware of the decline in tax moral and tax compliance, say Thamasanqa Msiza, senior tax consultant & Darren Britz, senior tax attorney at Tax Consulting SA. Many of the changes to the annual tax Filing Season this year is to lower the cost of compliance for taxpayers, […]

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MASSIVE JUMP IN THE NUMBER OF SOUTH AFRICANS APPLYING TO FINANCIALLY EMIGRATE

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The number of people enquiring and actually going through with the process of financial emigration has “skyrocketed”, says Jonty Leon, legal manager at Financial Emigration.

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NEWS | TAX FILING SEASON: DON’T MISS OUT ON YOUR TAX RETURN

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Taxpayers earning less than R500 000 per annum from one employer in a single tax year are not required by SARS to file their tax returns. However, tax consultants advise that taxpayers should still file their returns if there is a chance they would get a tax refund.

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NEWS | FINANCIAL EMIGRATION – REQUIREMENTS AND MISCONCEPTIONS

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There is a lot of misinformation circling in the South African expatriate community about the amended expatriate tax law taking effect on 1 March 2020 and the process of Financial Emigration. We often have clients approach us where they have been subjected to scaremongering or solicited by “one-man” bands promoting their own agenda.

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