Know Your Tax Liability South African Expatriates

NEWS | KNOW YOUR TAX LIABILITY SOUTH AFRICAN EXPATRIATES

The amendment to the expat tax exemption that came into effect 1 March 2020 will have a tremendous impact on both employers and employees respectively.

Temple Group Mauritius Updates on the imminent fiscal reforms in SA

NEWS | TEMPLE GROUP (MAURITIUS) UPDATES ON THE IMMINENT FISCAL REFORMS IN SA

Celebrating the launch of its regional office on the west coast of Mauritius, Temple Group conducted a workshop on the 2020 Tax Reforms in SA, emphasising the reforms announced in the recent budget speech, and the importance of choosing the correct processes for relocating oneself or a company outside of SA.

National Treasury Takes a view on Financial Emigration

NEWS | NATIONAL TREASURY TAKES A VIEW ON FINANCIAL EMIGRATION

South Africa Bleeding Skills Not surprisingly, there has been an outflow of South Africans in recent years for various reasons, a top reason being the punitive “expat tax” regime promulgated in December 2017, and effective 1 March 2020.

Budget speech 2020 – government last ditch attempt due to exodus of south africans

NEWS | BUDGET SPEECH 2020 – GOVERNMENT LAST DITCH ATTEMPT DUE TO EXODUS OF SOUTH AFRICANS

In December 2017, the change to the foreign employment income exemption was promulgated into law. This has widely become known as the “expat tax”. The exemption at that point was capped at R1mil, meaning that South African tax residents earning foreign employment income above this threshold would no longer be exempt from tax in South […]

Understanding South African Expat Tax

NEWS | UNDERSTANDING SOUTH AFRICAN EXPAT TAX

Amendments to the Income Tax Act will soon see all South Africans working outside the country’s borders contribute to the fiscus from 1 March.

Tax D-Day-is-here-SA-Expats-in-for-a-bumpy-ride-with-SARS-FE-website

NEWS | TAX D-DAY IS HERE: SA EXPATS IN FOR A BUMPY RIDE WITH SARS

South African legislation governing expatriate tax exemption is set to change dramatically from 1st March 2020, affecting South Africans worldwide. This includes anyone who has permanently settled in another country.

SOUTH-AFRICA’S-NEW-EXPAT-TAX-‘A-SCARE-TACTIC’-EXPERT-fe

NEWS | SOUTH AFRICA’S NEW EXPAT TAX ‘A SCARE TACTIC – EXPERT’

Thousands of South Africans will be impacted by new amendments to the Income Tax Act which will come into effect from 1 March 2020, says Nicolas Botha, a senior financial emigration specialist at Tax Consulting SA.

Expat tax countdown to implementation kicks off

NEWS | EXPAT TAX: COUNTDOWN TO IMPLEMENTATION KICKS OFF

An amendment to the Income Tax Act will bring considerable change to the expat landscape as from March 1, 2020. Jean du Toit and Jonty Leon are the technical editors of the publication “Expatriate Tax – South African Citizens Working Abroad and Foreigners in South Africa”.

I Would Like To Emigrate Using My Provident Fund. How Much Will I Be Taxed?

NEWS | I WOULD LIKE TO EMIGRATE USING MY PROVIDENT FUND. HOW MUCH WILL I BE TAXED?

A Fin24 user planning to use their provident fund to emigrate wants to know whether they will be taxed after the first R22 500.

Know when you tax practitioner is working for SARS

NEWS | KNOW WHEN YOUR TAX PRACTITIONER IS WORKING FOR SARS

SARS Views – Not a Law Unto Itself It is an unfortunate sight when tax advisors from varied backgrounds, but more so those who do not have a legal background, turn a blind eye to South African tax legislation and rather submit to the ever-dominating “views” of SARS.

Expat Tax - What You Need To Know

NEWS | EXPAT TAX – WHAT YOU NEED TO KNOW

A recent amendment to section 10(1)(o)(ii) of the Income Tax Act, affecting South Africans working abroad, has resulted in major panic and concern. South African tax residents working abroad will now find themselves having to pay tax on their income insofar as it exceeds R1 million.

All you need to know about expat tax is now in one place

NEWS | ALL YOU NEED TO KNOW ABOUT EXPAT TAX IS NOW IN ONE PLACE

The impact of the future tax treatment of income earned by South Africans while they are living and working abroad has been widely publicised. It has also contributed to the first publication of its kind that deals with the tax considerations of South Africans abroad or those with international interests, and foreigners working and living […]

Tax Residency and Financial Emigration

NEWS | TAX RESIDENCY AND FINANCIAL EMIGRATION

The capping of the “expat tax” exemption on 28 February next year has become a hot topic of conversation among South Africans who work outside of the country or who are considering availing themselves of supposedly lucrative foreign employment opportunities. A major benefit of these jobs has been the ability to use the exemption to […]

Expatriate Tax - LexisNexis Publishes Definitive Guide

NEWS | EXPATRIATE TAX – LEXISNEXIS PUBLISHES DEFINITIVE GUIDE

There are extremely good reasons for South African expatriates and their employers to be deeply confused and uncertain on “the expat tax”. There are simply too many differentiating views in the market, often punted from a conflicted business perspective. What aggravates this the vast number of professionals, and even expatriates themselves, who believe that tax […]

Comprehensive guide now available to address expat tax

NEWS | COMPREHENSIVE GUIDE NOW AVAILABLE TO ADDRESS EXPAT TAX

With the effective date drawing closer, South African expatriates and their employers have little time to come to grips with the looming “expat tax” and how it will affect them when it comes into effect on 1 March 2020. Those who fail to understand this tax amendment that will bring considerable change to the South […]

SA Expat Tax - Most Frequently Asked Questions

NEWS | SA EXPAT TAX MOST FREQUENTLY ASKED QUESTIONS

As March 2020 approaches, when SA ‘Expat Tax’ is due to be implemented, we’ve been inundated with questions from South Africans working abroad. Here are some of the latest questions from SAPeople followers around the world, with answers kindly provided by the expert tax team at Tax Consulting South Africa. 

SARS has expats at a cross road

NEWS | SARS HAS EXPATS AT A CROSS ROAD

The time for making a decision on how to deal with the fundamental tax change for South Africans earning foreign income abroad is fast running out.