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THE ‘SILENT’ CHANGES AFFECTING SOUTH AFRICANS WHO ARE EMIGRATING The transition from the old emigration regime to the current regime – ceasing of tax residency, came with some relief. However, there were some silent changes that went unnoticed. The most notable change has been the requirement of a SARS Tax Compliance Status (TCS PIN) for […]

TAX RESIDENCY CERTIFICATES: THE CONTENTIOUS DEBATE AMONGST EXPAT TAX ADVISORS For years the South African Revenue Service (“SARS”) has been trying to amend legislation to affect the way that expatriates are taxed on their foreign earnings. Their relentless pursuit for tax compliance often directs them towards individuals who are not disclosing all their earnings. READ

SARS’ NEW LETTERS OF NON-RESIDENCY – HIDDEN TEETH The South African Revenue Service (SARS) has recently started issuing letters to taxpayers working abroad, confirming their change in status to non-residents for tax purposes. This is a somewhat peculiar development for expatriates who have previously ceased their tax residency, as they are now requiring an additional

SARS IS NOW ISSUING LETTERS CONFIRMING NON-RESIDENCY WHAT DOES THIS MEAN FOR EXPATS? One of the challenges faced by taxpayers who have left South Africa and ceased their South African tax residency has been obtaining objective confirmation of the fact. READ MORE Featured in Ordinarily, this dilemma would require a taxpayer to maintain a preponderance

SARS’ TAX LAW BLUNDER GIVES EXPATS A QUICK BREATHER Following deliberation with members of the public, National Treasury recently released its official response to the Parliamentary submissions on their proposed Draft Tax Bills. Among other things, Treasury noted that they would withdraw a controversial amendment that would have been problematic for South African expatriates contemplating

GOVERNMENT WITHDRAWS PROPOSAL TO IMPOSE EXIT TAX ON RETIREMENT INTERESTS Expatriates and those with plans to emigrate will be relieved to learn that the proposal to impose an exit tax on retirement interests will be withdrawn. Jean du ToitHead of Tax Technical READ MORE Featured in In presenting their Draft Response Document on the 2021

SARS AND NATIONAL TREASURY HAVE GONE QUIET ON EXPATS. WHAT’S BREWING? SARS Commissioner Edward Kieswetter introduced Natasha Singh as the first director of SARS’s new specialised segment targeting high net worth individuals. Singh’s appointment is considered as strategically essential in terms of ensuring compliance with affluent individuals who have complex financial arrangements. Victoria LancefieldGeneral Manager

ZERO HOUR EXPAT TAX RETURNS DUE THIS FILING SEASON 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 filing period

EMIGRATION EXPO ARE YOU COMING BACK? Tax Consulting SA and Xpatweb were exhibitors at the Durban leg of The Emigration Expo. While fielding questions, it was evident that many people are interested in working and living offshore, but they seem unsure where to start. All their questions and concerns can be compiled into three groups.

ARE YOUR OFFSHORE INVESTMENT STRUCTURES COMPLIANT WITH SARS? SARS Commissioner Edward Kieswetter introduced Natasha Singh as the first director of SARS’s new specialised segment targeting high net worth individuals. Singh’s appointment is considered as strategically essential in terms of ensuring compliance with affluent individuals who have complex financial arrangements. Melanie BrowneSARS & Financial Emigration Specialist