EVENTS - Cease Tax Residency

Look out for our next event

JOIN OUR NEXT EVENT

Upcoming Tax Event For South African Expatriates Living In The UAE

Section 10 vs. Financial Emigration: What You Need to Know

PAST EVENTS

SECTION 10 VS FINANCIAL EMIGRATION:
What you need to know
 
10 April 2025

Time: 10:00am
Price: FREE

FINANCIAL EMIGRATION DEMYSTIFIED:
 Your Roadmap to Tax Freedom


Date: 26
 February 2025
Time: 10:00am
Price: FREE

WEBINAR
Understanding Ceasing of Tax Residency
A Guide for Middle East Expats
 
Date: 28 November 2024
Time: 10:00 South Africa Time
Fee: FREE
 
WEBINAR
Navigating last-minute changes for expats:
A Guide to the Two-Pot Retirement System


Date:
 05 October 2024
Time: 10:00 SA Time
Price: FREE
Location: ZOOM

REGISTRATION CLOSED

WEBINAR
Expat Tax South Africa: Moving your money out of the country


Date:
 21 September 2024
Time: 10:00 SA Time
Price: FREE
Location: ZOOM

REGISTERATION CLOSED

WEBINAR
Navigating last-minute changes for expats:
A guide to the two-pot system

Date: 24 August 2024
Time 10:00 SA Time
Price: FREE
Platform: Zoom 

REGISTRATION CLOSED

WEBINAR

Ceasing of South African Tax Residency – A Back-to-Basics Approach

Date: 10 August 2024
Time: 10am SA time
Location: Zoom
Price: Free

REGISTRATION CLOSED

WEBINAR

FINANCIAL MIGRATION AND THE PROPOSED NHI LAW

Live Events
Dates and Times:
11 July 2024 – 16:00pm (SA Time)
Presenters: Nicolas Botha

REGISTRATION CLOSED

#ExpatTax2024​

MISSED US IN THE NETHERLANDS? JOIN US FOR AN UPDATE

Live Events
Dates and Times:
13 June 2024 – 16:00pm (SA Time)
Presenters: Nicolas Botha

REGISTRATION CLOSED

#ExpatTax2024​

UPDATE FOR SOUTH AFRICANS IN THE NETHERLANDS

Live Events
Dates and Times:
01 June – Utrecht – 10h00
Presenters: Nicolas Botha

REGISTRATION CLOSED

How To?

Ask us anything

What is the enhanced AIT process?

Previously, when one sought to either financially emigrate or transfer large sums out of the country, they would either have to complete the “Emigration” TCS Pin or “Foreign Investment Allowance” (“FIA”) TCS Pin, respectively. The new AIT Process consolidates these two and is now the go-to requirement when it comes to the approval of moving funds out of South Africa.

Who needs to apply for an AIT?

The AIT process applies to both South African tax residents who transfer more than R1 million out of South Africa in a calendar year, as well as to taxpayers who have ceased their tax residency in South Africa but need to move funds abroad, from a South African source.

How much money can a South African tax resident transfer without an AIT?

SARS allows South African tax residents to transfer an amount of R1 million offshore, per calendar year. This amount is known as a single discretionary allowance (SDA) and is available only to individuals who are South African tax residents.

When does the AIT apply?

If you are a tax resident, you will require an AIT pin when you seek to transfer more than R1 million out of the country, per calendar year. If you have ceased your tax residency, you will need an AIT pin for every cent you seek to transfer out of South Africa, per calendar year.