WHAT TO LOOK OUT FOR IN THE 2ND EDITION
Since the release of the first edition in 2019, South African expatriate tax laws have undergone several major updates, directly affecting individuals living and working abroad. Notable changes include:
- Taxation of Foreign Employment Income: South African tax residents earning income from employment outside South Africa are now subject to revised tax regulations that may impact their tax obligations.
- Retirement Fund Withdrawals Upon Ceasing Tax Residency: A new legislative process governs how individuals can access their retirement savings when they formally cease South African tax residency.
In addition to these critical updates, this publication covers recent legislative amendments and landmark tax cases relevant to expatriate tax matters. It serves as a valuable resource for:
- South African expatriates navigating cross-border tax complexities,
- Employers with globally mobile employees,
- Tax advisors and financial planners assisting expatriates.
This is the only comprehensive and specialised publication focused exclusively on South African expatriate taxation, offering expert guidance in a rapidly evolving landscape.
DM DAVIS – Emeritus Judge President, Competition Appeal Court had this to say about the new edition:
“In summary, the second edition of this carefully considered book (which not only deals with all the various tax implications of immigration/emigration but the taxation of residents working offshore) remains an invaluable guide to an increasingly complex set of tax challenges. Given these changes, it is an even more significant addition to our body of tax literature and will remain essential reading for anyone advising his or her client with regard to the tax consequences of migration and non-resident accruals.”
GET TO GRIPS WITH EXPATRIATE TAX
The Expatriate Tax guide extends far beyond conventional tax advice. It offers practical planning points and technical guidance tailored for tax practitioners, financial planners, payroll departments, and employers dealing with expatriate tax complexities.
The second edition of Expatriate Tax includes significant changes namely:
- Foreign income tax amendment
Major change in taxing South African residents working abroad, with analysis of double taxation risks. - Double taxation concerns
The new edition examines how this impacts tax treaties, credits, and overall tax liability. - Financial emigration phased out
Details the impact of removing the financial emigration process for ceasing tax residency. - New retirement fund withdrawal process
Explains updated steps for accessing retirement interests after ending South African tax residency.
Other changes covered by the second edition include:
- Inclusion of 100+ new tax cases
The latest edition incorporates over 100 new tax rulings since the first edition, with a focus on the most impactful cases for expatriates and tax professionals. - New provision on South African day trip allowances
A newly introduced allowance for local day trips is explained, including how it interacts with existing tax provisions and employer compliance rules. - Updated pensions and annuities chapter
The chapter has been revised to reflect the retirement reform effective 1 March 2021, and includes commentary on the proposed taxation of retirement interests when ceasing South African tax residency. - Expanded coverage of Tax Administration
Updates include key amendments to criminal provisions for minor tax offences, relevant to individuals and employers. Additional guidance is provided on SARS disputes, refund processes, and the Voluntary Disclosure Program (VDP). - Integration of latest SARS guidance
The edition now includes updated SARS interpretation notes, official guides, and public notices, ensuring readers remain fully informed and compliant.
WHO CAN BENEFIT FROM LEXISNEXIS’ EXPATRIATE TAX?
ORDER YOUR SECOND EDITION NOW
EXPATRIATE TAX: SOUTH AFRICAN CITIZENS WORKING ABROAD AND FOREIGNERS IN SOUTH AFRICA
Available from November 2021 in print and eBook format for R805 including VAT and excluding delivery. To purchase, visit the LexisNexis online bookstore.