LATEST NEWS

Hands exchanging a stack of US hundred-dollar bills. One hand has a gold ring, the other green glitter nail polish.

Project AmaBillions | Being abroad won’t save you from SARS’ collection efforts

21/05/2025

Being abroad won’t save you from SARS’ collection efforts As the upcoming tax filing season approaches, the South African Revenue Service (SARS) is reportedly ramping up a major initiative aimed at recovering outstanding tax debt including from taxpayers living abroad. John-Paul Fraser Team Lead: Cross Border Taxation Mbalenhle Mahlaba Expatriate Tax Specialist Dubbed by insiders...

Hands holding a glass jar labeled 'SAVING' full of euro coins, with banknotes and loose coins on a table.

Expats Among Millions of South Africans Tapping into Two Pot-Windfall

10/05/2025

Only two months into the new tax year, many South Africans have again dipped into their retirement fund Savings Pot, after also making a withdrawal in the previous six months. John-Paul Fraser Team Lead: Cross Border Taxation Retirement fund administrators represented on the Retirement Matters Committee of the Actuarial Society of South Africa (ASSA), reported...

Close-up of a person's hands using a calculator and dropping a coin into a jar full of coins on a white table.

Important Tax Directive Updates from SARS will impact expats’ withdrawal of retirement interests

12/04/2025

On 8 April 2025, the South African Revenue Service (SARS) announced a set of updates on tax directive system changes which will impact South Africans who have already left the country or are in the process of cutting tax ties. This will come into full force on 11 April 2025. John-Paul Fraser Team Lead: Cross...

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Don’t be misled: No waiting period for SA expats who want to cease tax residency

25/03/2025

Many South African expatriates have unknowingly missed out on paying lower taxes in South Africa for years while living abroad, due to confusing or misguided advice that they must reside outside the country for a number of years before officially ceasing tax residency in South Africa. John-Paul Fraser Team Lead: Cross Border Taxation A South...

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Understanding South Africa’s Exit Tax and the Proposed Tax on Retirement Interests

25/03/2025

A misunderstanding of certain sections in the Income Tax Act has many South Africans who moved abroad and ceased tax residency, worried that they will also be liable to pay Capital Gains Tax (CGT) on the withdrawal of their retirement funds, in addition to the tax levied as per SARS’ Tax Tables. Mbalenhle Mahlaba Expatriate...

Person's hand places a silver coin on a tall stack, symbolizing saving and financial growth.

Talk of a Wealth Tax in South Africa is just not going away

05/03/2025

The ever-present talk of imposing a wealth tax on South Africans as a source of revenue has resurfaced after National Treasury’s plan to collect an additional R58 billion mainly from higher VAT in the 2025/26 financial year, was stopped in its tracks with the postponement of the National Budget. Business Day quoted “senior officials aligned...

South African flag, toy airplane, and passport with a 2013 Mauritius visa stamp over a map of Southern Africa.

South Africa’s Financial Future in Limbo – Should You Exit Now?

01/03/2025

The initial disbelief and shock on the postponement of the 2025 Budget Speech may have made way for cooler heads and the hope that more deliberations will deliver better budget outcomes for vulnerable citizens and a platform for economic growth, but many South Africans are questioning whether now is the right time to move their...

Man speaking at a podium to an audience in a bright, modern conference room with large windows overlooking city buildings.

2025 Budget Speech: August House Adjourned – Is it time to make the move?

24/02/2025

The unexpected postponement of the 2025 Budget Speech is causing endless speculation as well as heightened unease and uncertainty among business owners, investors as well as South African taxpayers about what the immediate future holds. Maybe even more so for South African expatriates who have moved abroad and those considering relocating to another country, as...

Upset young woman leaning on a yellow suitcase at an airport, holding a passport, looking distressed.

Saudi’s national employment targets leave many South African expatriates high and dry

14/02/2025

South Africans are among a growing number of global expatriates in Saudi Arabia and the United Arab Emirates (UAE) who are forced to return home due to strict local employment targets. Commonly known as Saudization and Emiratisation , these policies aim to increase and ensure more jobs are filled by Saudi and UAE nationals. Mbalenhle...

A smiling woman waves to a man from behind, who is also waving, in a bright, modern building like an airport.

Returning to South Africa? SARS is Waiting for Expats Coming Home

12/02/2025

Be it the call of South Africa’s pleasant weather, a desire to raise a family close to parents, or retiring to the high-life, many thousands of South African expats elect to return home every year. No matter the reasons for repatriation, the South African Revenue Service (SARS) wants to know the finer details of when...

Smiling businesswoman in a beige suit talks on her phone while pulling a teal suitcase, walking beside a modern building.

Leaving South Africa: Know the difference between Financial Emigration and Physical Emigration

04/02/2025

With almost 1 million South Africans who have moved abroad to start a new life overseas in the last two decades, it is clear emigration is top of mind for many. According to the latest available data, more than 120,000 South Africans left between 2015 and 2020 to relocate to a new country, but leaving...

Person in a suit stacking wooden blocks spelling "TAX" next to growing stacks of coins and a financial document.

All must be in order with the Tax Man to ensure you can smoothly transfer funds overseas

17/01/2025

An unsuspecting taxpayer recently faced a dilemma when he had to do international fund transfers, but found SARS had cancelled his Tax Compliance Status (TCS) PIN approval, a critical component for taxpayers who need to transfer funds internationally or engage in other cross-border transactions. Lovemore Ndlovu Head of SARB Engagement and Expatriate Compliance Without a...

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LATEST NEWS

Project AmaBillions | Being abroad won’t save you from SARS’ collection efforts

Expats Among Millions of South Africans Tapping into Two Pot-Windfall

Important Tax Directive Updates from SARS will impact expats’ withdrawal of retirement interests

Don’t be misled: No waiting period for SA expats who want to cease tax residency

Understanding South Africa’s Exit Tax and the Proposed Tax on Retirement Interests

Talk of a Wealth Tax in South Africa is just not going away

South Africa’s Financial Future in Limbo – Should You Exit Now?

2025 Budget Speech: August House Adjourned – Is it time to make the move?

Saudi’s national employment targets leave many South African expatriates high and dry

Returning to South Africa? SARS is Waiting for Expats Coming Home

Leaving South Africa: Know the difference between Financial Emigration and Physical Emigration

All must be in order with the Tax Man to ensure you can smoothly transfer funds overseas

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