We have noted incorrect media coverage around South Africans abroad, which notes that to comply with “new” SARS obligations you need to be physically present in South Africa. It is then implied that this change on SARS eFiling then burdens taxpayers to fly all the way home. Nicolas Botha Tax Team Compliance & Processing Manager…
While planning and packing to move abroad may seem simple, many expatriates often wonder about what will happen to the fortune of their accumulated retirement funds. The questions on how to navigate the withdrawal of the different types of funds remain a difficult and confusing topic. Mbalenhle Mahlaba Consultant: Expatriate Tax As more expatriates plan…
The SARS Announcement on 02 April 2024, may look, for the untrained eye, like standard narrative. As a tax attorney in day-to-day practice, there are daily examples of very expensive tax mistakes. Tax practitioners and South African taxpayers are well advised to switch to a moment of seriousness; and take note of the following with…
In recent months, an unprecedented wave of South Africans has been making their way to the Netherlands, marking a significant shift in migration patterns. This sudden surge is not a mere coincidence but is driven by a combination of factors that render the Netherlands an increasingly attractive destination for South African expatriates. The Netherlands has…
In recent months, an unprecedented wave of South Africans has been making their way to the Netherlands, marking a significant shift in migration patterns. This sudden surge is not a mere coincidence but is driven by a combination of factors that render the Netherlands an increasingly attractive destination for South African expatriates. The Netherlands has…
With the euphoria of living abroad wearing off for many South Africans, a growing number of expatriates are drawn back by the allure of a vibrant cultural scene, inviting temperate climate, and favorable exchange rates. Delano Abdoll Legal Manager: Cross-Border Taxation at Tax Consulting SA Khutso Makgoka Legal Consultant: Expatriate Tax at Tax Consulting SA…
As South Africans embark on a journey beyond our borders, the need to inform the South African Revenue Service (“SARS”) about one’s emigration is crucial for peace of mind. Khutso Makgoka Legal Consultant, Expatriate Tax A casual note to the taxman bidding South Africa farewell is not enough, it is imperative to understand that a…
Taking the leap and ceasing your tax residency is a big step for many South Africans, who are already under the strains of their physical move abroad. This stress often leaves one in a period of limbo wondering about their assets and what happens to these hard-earned investments, properties, policies and portfolios, to name a…
