LATEST NEWS

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5 Top Tips For Expats To Make Themselves Tax Ready

12/07/2021

Adding to the challenges of 2020, the South African Revenue Services (SARS) announced that it did not make its annual budget. Tanya Tosen Master Mobility and Tax Specialist In addition, SARS amended the tax laws for South African expats, now drawing them into this diminishing tax net. Previously all income for services rendered abroad were...

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Working Remotely Abroad: Not As Simple As Packing Your Bags And Leaving

08/07/2021

Remote work has become the norm for many employees and professionals alike. Along with the growth of the ‘gig’ economy, which surged during the Covid-19 pandemic, the most remarkable change is the flexibility and mobility of remote working employees, who can criss-cross the country and global borders without taking a day’s leave. Tanya Tosen Master...

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Avoid Tax Wolves In Sheep’s Clothing: 6 Things To Look Out For

23/06/2021

SIX THINGS TO LOOK OUT FOR Post-Covid economic resurgence saw an increase in international work opportunities. With skills in hand, many South African professionals have become sought-after in other countries. As a result, their finances and subsequent taxation have come under scrutiny. However, along with the awareness of tax complications, another threat has emerged. Financial...

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Planning for Exit

21/06/2021

With the world’s recent and continuing lockdowns, in view of the ever-present Covid-19 pandemic, more and more South Africans are considering moving abroad (or having their children move abroad). “Work from anywhere” is the theme of the day and, while this seems a simple enough endeavour in theory, in reality there are many concerns which...

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Recent Changes To Financial Emigration Leaves Banks In The Dark

17/06/2021

“From blocked accounts, to financial freedom, and back to blocked accounts.” Lovemore Ndlovu SARS and South African Reserve Bank Specialist On Thursday 3 June 2021, SARS issued its guidance on what ceasing South African tax residency involves, by posting its “Cease to be a Resident” webpage. This is a welcome initiative that may clear up...

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Through the Looking Glass: SARS Audits on Offshore Assets

14/06/2021

South Africa has a history of taxpayers making use of offshore structures in order to conceal their assets and income. Taxpayers have long believed that these arrangements were beyond SARS’ reach, but will they stand the test of time? While many South Africans have previously disclosed their offshore assets under the tax and exchange control...

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Declaration Of Cease To Be A Tax Resident

08/06/2021

SARS issued a guideline for taxpayers who want to cease South African tax residence. The guideline confirms that ceasing tax residency of South Africa is not a box ticking exercise. On Thursday 3 June 2021, SARS issued its guidance on what ceasing South African tax residency involves, by posting its “Cease to be a Resident”...

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Disappearing Exchange Control

07/06/2021

We have seen significant changes and adjustments to the exchange control policies with National Treasury steadily reducing exchange controls for individuals seeking to send money abroad, particularly in the last 15 odd years. The most dramatic changes were implemented early this year where we saw National Treasury follow through with their proposed plans as per...

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Non-Compliant Expats In Africa Headed For Tax Showdown With SARS

24/05/2021

South African expatriates who ignore their tax obligations will soon find themselves in hot water with SARS. “They need to urgently review their compliance status with an expatriate tax specialist or risk a major personal financial crisis and even jail time,” warns Jashwin Baijoo, Legal Manager, Africa Tax and Compliance at Tax Consulting South Africa....

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UP IN THE AIR: SARS’ FOCUS ON EXPATRIATES THIS FILING SEASON

13/05/2021

In 2021, the world is an entirely different place to live in as compared to the past, and many South African expatriates face more uncertainty than ever before due to the Covid-19 pandemic. Unfortunately, coinciding with the significant mobility and financial security concerns felt by expatriates was the commencement of the R1,25 million limitation on...

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BY THE NUMBERS: EXPAT TAX THROUGH THE LENS OF EXPERTISE

04/05/2021

On the minds of many South African expatriates are the options which are available to them for tax relief in South Africa, given the many changes made to the tax laws in South Africa. However, it appears that these issues are not only highly relevant for taxpayers themselves, but also for the tax practitioners who...

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EMIGRATING AT 55 PLUS? YOU STILL PAY TAX AND YOU’LL WAIT FOR YOUR RA

03/05/2021

If you’re 55 plus and have emigrated or are intending to emigrate, you’ll still have to submit annual returns to SARS and pay tax on your worldwide income for the rest of your life. “Depending on your situation, you can either reduce or eliminate your tax obligation, but only if you follow the correct processes,”...

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LATEST NEWS

5 Top Tips For Expats To Make Themselves Tax Ready

Working Remotely Abroad: Not As Simple As Packing Your Bags And Leaving

Avoid Tax Wolves In Sheep’s Clothing: 6 Things To Look Out For

Planning for Exit

Recent Changes To Financial Emigration Leaves Banks In The Dark

Through the Looking Glass: SARS Audits on Offshore Assets

Declaration Of Cease To Be A Tax Resident

Disappearing Exchange Control

Non-Compliant Expats In Africa Headed For Tax Showdown With SARS

UP IN THE AIR: SARS’ FOCUS ON EXPATRIATES THIS FILING SEASON

BY THE NUMBERS: EXPAT TAX THROUGH THE LENS OF EXPERTISE

EMIGRATING AT 55 PLUS? YOU STILL PAY TAX AND YOU’LL WAIT FOR YOUR RA

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