Entries by fm-admin

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 every capital transfer a Non-Resident/Non-Tax Resident makes to offshore.

Are You Ready For A Financial Emigration?

Those who were keeping their options open during 2021, should have a firmer grasp about their future in 2022. Many South Africans toying with the idea of emigration, will be ready to take the next step towards moving their lives to another country. But are you ready for a financial emigration? Here are some points […]

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 step to objectively support their non-residency as issued […]

Bad Advice Can Fuel Expat Misconceptions

Widespread misconceptions about South African expatriate tax legislation can land taxpayers in hot water with SARS, often resulting from inaccurate information from either tax practitioners or SARS personnel.

The Expat Spouse: Unable To Work While Their Partners Work Abroad

Expat spouses are likely to accompany their partners when they relocate for work. However, their hopes of also getting work are often dashed because their spousal visas prohibit them from working in that country. They soon find themselves pinned down in a foreign country while their careers are placed on hold.

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 emigration.