News

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? Thomas Lobban Legal Manager

Ceasing SA Tax Residency In Countries That Don’t Offer Permanent Residence The past two years have been a journey into unchartered waters for all, and a particularly tense time as far as South African expatriates are concerned. For many expats, more and more questions have been left unanswered as this filing season, and the tax

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

HAVE YOU EMIGRATED OR PLANNING TO EMIGRATE, DO YOU KNOW YOUR TAX STATUS WITH SARS? Most expatriates are not aware of their tax status with SARS. Whether you are only leaving now or have already left, it is important to know where you stand with SARS, to avoid non-compliancy. Simone MunsamiTax Diagnostic Specialist Alex MahundlaTax

LEAVING SOUTH AFRICA PLANNING YOUR FISCAL ‘EXIT STRATEGY’ Tax Consulting South Africa, South Africa’s largest independent tax practice, returned this week from the Netherlands after hosting tax and immigration planning sessions with recently emigrated South Africans.

ISLE OF MAN EMERGING AS TERRITORIAL FORERUNNER AMONG SA INVESTOR EXPATS As the South African Revenue Service (SARS) intensifies its focus on the tax compliance of high net-worth individuals (HNWI), a self-governing island nation located in the Irish Sea has steadily emerged as an appealing emigration destination for prospective South African expatriates. Sthembile MkhizeExpatriate Tax

TOP TIPS FOR UNDERSTANDING OFFSHORE TRANSFERS What Are The New Rules?Since the announcement by Treasury effective 1 March 2021 to the process of Financial Emigration and ceasing ones tax residency, the transfer of funds offshore for expatriates (emigrants as known under exchange control), has in some regards become more flexible, in terms of allowing you

THE DIFFERENCE BETWEEN THE SARS NON-RESIDENT CONFIRMATION LETTER AND THE EMIGRATION TAX COMPLIANCE PIN SARS Non-Resident Tax Status Confirmation Letter SARS is now officially issuing confirmation of tax non-residency letters. The letter serves as an additional confirmation one’s non-tax residency, with pre-existing documentation having an expiration date and not always suffice in dealing with some

CEASING YOUR TAX RESIDENCY Numerous South African taxpayers are unaware of their tax status in South Africa and what steps need to be taken to remain compliant with the South African Revenue Service (“SARS”). To add to this, there exist confusion and misconceptions surrounding expat tax where taxpayers are advised that they are compliant, but

SOUTH AFRICAN RESERVE BANK LEAVES AUTHORISED DEALERS HIGH AND DRY Effective 1 March 2021, the South African Reserve Bank (SARB) removed themselves from the process of Financial Emigration. The move was gladly welcomed by Authorised Dealers (banks), as this took away the burdensome process banks had to follow guided by Exchange Control Rulings. Lovemore NdlovuSARS