Wealth Tax – Is The Rumour Being Realised?
With discussions on imposing a wealth tax being rife in preceding years, policy makers are turning to the South African Revenue Service (“SARS”) to look into the feasibility of this new proposed tax, to bridge the “widest wealth gap in the world”.
Valuable Benefits Of An Emigration TCS PIN And SARS Non-Resident Tax Status Confirmation Letter
Of late, digital news platforms have been awash with volumes of contradicting information regarding the Emigration Tax Compliance Status (TCS) PIN and SARS Non-Resident Tax Status Confirmation Letter. For the benefit of the taxpayers, more especially expatriates, we see it necessary to clarify the different uses and benefits of these two very important documents in […]
South Africans In Guernsey, Jersey And The Isle Of Man Are Low-Hanging Fruit For SARS
South African expatriates living in Guernsey, Jersey or the Isle of Man are under grave threat from the South African Revenue Service (SARS).
What South African Expatriates Need To Know About Tax Before They Return Home
Expatriates, beware! If you ceased your tax residency through the Financial Emigration process, you may require substantial reasoning for your return to avoid any repercussions from the South African Revenue Service (SARS).
Expat Confusion As SARS Disables Tax Residency Checkbox
An ITR-12 checkbox, indicating a taxpayer ceased tax residency in South Africa, is greyed out this tax season. This has confused many eFiling users wishing to leave the country permanently.
SARS Letter Confirms SA Emigrants’ Non-Tax-Residency Status – If They Can Prove It
With the introduction of a formal SARS Non-Resident Tax Status Confirmation Letter in 2021, South African expatriates may finally relax knowing that their foreign income is safe from local taxation. However, getting one of these is neither automatic nor easy, requiring applicants to follow stringent residency cessation and verification processes to qualify as non-residents for […]
SARS’ New Auto Assessments: Expats, Ensure Up To Date Status To Avoid The Crosshairs
The 2022 tax filing season is now already open, and SARS has introduced a new “auto-assessment” protocol.
We Want To Employ a SA Worker Overseas: What Are The Implications?
We are a South African non-profit organisation looking to appoint a South African citizen in a European country on an employment contract. What would the tax implications be, and do we need to apply for approvals if we proceed?
Ceasing SA Tax Residency In Countries That Don’t Offer Permanent Residence
To be released from their local tax obligations in relation to foreign income, emigrating South Africans must be able to prove to SARS that they have permanently left the country. But how can they do so if they are moving to a country, like the UAE in general, where long-term residence (for immigration purposes) is […]
Tax Implications Of Working “Remotely” In South Africa For A Foreign Company
The COVID pandemic has brought a lot of changes in terms of how employees render their services. The theme of employees working remotely has become more prevalent, and there has been a rise in South Africans working for foreign companies while still living in South Africa.
