Don’t be misled: No waiting period for SA expats who want to cease tax residency Many South African expatriates have unknowingly missed out on paying lower taxes in South Africa for years while living abroad, due to confusing or misguided advice that they must reside outside the country for a number of years before officially […]
Don’t be misled: No waiting period for SA expats who want to cease tax residency Many South African expatriates have unknowingly missed out on paying lower taxes in South Africa for years while living abroad, due to confusing or misguided advice that they must reside outside the country for a number of years before officially
Don’t be misled: No waiting period for SA expats who want to cease tax residency Read More »
Understanding South Africa’s Exit Tax and the Proposed Tax on Retirement Interests A misunderstanding of certain sections in the Income Tax Act has many South Africans who moved abroad and ceased tax residency, worried that they will also be liable to pay Capital Gains Tax (CGT) on the withdrawal of their retirement funds, in addition
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Talk of a Wealth Tax in South Africa is just not going away The ever-present talk of imposing a wealth tax on South Africans as a source of revenue has resurfaced after National Treasury’s plan to collect an additional R58 billion mainly from higher VAT in the 2025/26 financial year, was stopped in its tracks
Talk of a Wealth Tax in South Africa is just not going away Read More »
South Africa’s Financial Future in Limbo – Should You Exit Now? The initial disbelief and shock on the postponement of the 2025 Budget Speech may have made way for cooler heads and the hope that more deliberations will deliver better budget outcomes for vulnerable citizens and a platform for economic growth, but many South Africans
South Africa’s Financial Future in Limbo – Should You Exit Now? Read More »
Saudi’s national employment targets leave many South African expatriates high and dry South Africans are among a growing number of global expatriates in Saudi Arabia and the United Arab Emirates (UAE) who are forced to return home due to strict local employment targets. Commonly known as Saudization and Emiratisation, these policies aim to increase and
Saudi’s national employment targets leave many South African expatriates high and dry Read More »
Returning to South Africa? SARS is Waiting for Expats Coming Home Be it the call of South Africa’s pleasant weather, a desire to raise a family close to parents, or retiring to the high-life, many thousands of South African expats elect to return home every year. No matter the reasons for repatriation, the South African
Returning to South Africa? SARS is Waiting for Expats Coming Home Read More »
Leaving South Africa: know the difference between Financial Emigration and Physical Emigration With almost 1 million South Africans who have moved abroad to start a new life overseas in the last two decades, it is clear emigration is top of mind for many. According to the latest available data, more than 120,000 South Africans left
All must be in order with the Tax Man to ensure you can smoothly transfer funds overseas An unsuspecting taxpayer recently faced a dilemma when he had to transfer money overseas, but found SARS had cancelled his Tax Compliance Status (TCS) PIN approval, a critical component for taxpayers who need to transfer funds internationally or
All must be in order with the Tax Man to ensure you can smoothly transfer funds overseas Read More »
Worried about your assets when you break tax ties with South Africa, here are some tips. We all want to protect our assets best we can, but just know that the Tax Man is always watching. For South Africans who are leaving to live overseas, it is not just a question of pack up and
Worried about your assets when you break tax ties with South Africa, here are some tips. Read More »
