https://www.financialemigration.co.za/wp-content/uploads/2021/11/Expatriate-Tax-A-Definitive-Textbook-That-Unpacks-The-Complexities-Of-Expatriate-Taxes-FT.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-11-24 12:00:112021-11-25 08:43:28Expatriate Tax: A Definitive Textbook That Unpacks The Complexities Of Expatriate Taxes
Expat spouses are likely to accompany their partners when they relocate for work. However, their hopes of also getting work are often dashed because their spousal visas prohibit them from working in that country. They soon find themselves pinned down in a foreign country while their careers are placed on hold.
https://www.financialemigration.co.za/wp-content/uploads/2021/11/The-Expat-Spouse-Unable-To-Work-While-Their-Partners-Work-Abroad-FT.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-11-19 06:08:422021-11-21 05:42:28The Expat Spouse: Unable To Work While Their Partners Work Abroad
Following deliberation with members of the public, National Treasury recently released its official response to the Parliamentary submissions on their proposed Draft Tax Bills. Among other things, Treasury noted that they would withdraw a controversial amendment that would have been problematic for South African expatriates contemplating emigration.
National Treasury’s latest published Draft Tax Bills incorporated the contentious additional “exit tax”, which proposed to tax retirement fund interests of individuals when they cease South African tax residency.
https://www.financialemigration.co.za/wp-content/uploads/2021/11/Sars-And-National-Treasury-Have-Gone-Quiet-On-Expats.-Whats-Brewing-FT.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-11-09 07:21:242021-11-09 08:41:40SARS And National Treasury Have Gone Quiet On Expats. What's Brewing?
The past two years have been a journey into unchartered waters for all, and a particularly tense time as far as South African expatriates are concerned. For many expats, more and more questions have been left unanswered as this filing season, and the tax filing period draws to a close on 23 November.
https://www.financialemigration.co.za/wp-content/uploads/2021/11/Zero-Hour-FT-IN.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-11-08 06:20:152021-11-08 07:07:38Zero Hour: Expat Tax Returns Due This Filing Season
Tax Consulting SA and Xpatweb were exhibitors at the Durban leg of The Emigration Expo. While fielding questions, it was evident that many people are interested in working and living offshore, but they seem unsure where to start. All their questions and concerns can be compiled into three groups.
https://www.financialemigration.co.za/wp-content/uploads/2021/11/FT-IN-Emigration-Expo-Are-You-Coming-Back-TC.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-11-03 06:08:112021-11-03 10:41:47Emigration Expo: Are You Coming Back?
SARS Commissioner Edward Kieswetter introduced Natasha Singh as the first director of SARS’s new specialised segment targeting high net worth individuals. Singh’s appointment is considered as strategically essential in terms of ensuring compliance with affluent individuals who have complex financial arrangements.
https://www.financialemigration.co.za/wp-content/uploads/2021/10/FT-IN.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-10-29 09:40:522021-10-29 10:30:12Are Your Offshore Investment Structures Compliant With SARS?
Many South Africans work and live in Zambia because it is a favourable mining, construction, and agricultural African destination. Some of these South Africans have either temporarily or permanently made the move to Zambia without following the correct emigration procedures to mitigate their tax exposure in South Africa.
https://www.financialemigration.co.za/wp-content/uploads/2021/10/Living-The-Zambian-Dream-South-Africa-Hasn’t-Forgotten-About-You-FT.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-10-21 10:17:192021-11-15 09:50:40Living The Zambian Dream - South Africa Hasn’t Forgotten About You
The most contentious proposal introduced by the 2021 Draft Tax Bills is arguably the tax on retirement interests when a person ceases tax residency. The proposed tax has widely been christened as a further “exit tax” imposed on South Africans leaving the country. However, based on responses by the Minister of Finance to a written […]
https://www.financialemigration.co.za/wp-content/uploads/2021/10/Is-The-Proposed-Tax-On-Retirement-Interests-An-“Exit-Tax”-FT-IN.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-10-18 08:36:202021-11-02 09:44:41Is The Proposed Tax On Retirement Interests An “Exit Tax”?
South Africa’s exchange control regime has relaxed considerably over the last few years, but the most recent amendments have created widespread confusion around the definition of non-residency for exchange control purposes.
https://www.financialemigration.co.za/wp-content/uploads/2021/10/The-Glitch-in-Our-New-Residency-Based-System-FT.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-10-14 10:35:522021-11-08 09:33:16The Glitch In Our New Residency-Based System
https://www.financialemigration.co.za/wp-content/uploads/2021/10/Financial-Emigration-Should-I-Stay-Or-Should-I-Go-FT.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-10-07 10:35:392021-11-15 09:50:57Financial Emigration: Should I Stay, Or Should I Go?
There is an alarming number of South African expatriates relying on the ‘tick-box’ approach to cease their tax residency. Alternatively, others assume that they are no longer tax residents because they reside outside South Africa or do not maintain assets in South Africa. These misconceptions flow from the shady advice that expatriates continue to receive.
As the financial emigration process moves into a new era, the Tax Consulting Group is still fighting for all taxpayers under the old financial emigration regime to ensure they are not discarded. As for the current taxpayers we are in the process of trying to make the transition as smooth as possible.
https://www.financialemigration.co.za/wp-content/uploads/2021/09/Tax-Consulting-SA-Working-With-SARS-FT-1.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-09-30 09:10:522021-10-07 09:34:12Tax Consulting South Africa Working With SARS
On 10 September 2021, Mauritius officially reopened its borders to South Africans, ending the 18-month travel ban imposed on SA visitors. The Mauritius Tourism Promotion Authority (MTPA) openly welcomed South African tourists back to the Mauritius shores, which is a token of the relationship between the two countries.
https://www.financialemigration.co.za/wp-content/uploads/2021/09/Mauritius-Is-Making-Residency-Even-More-Attractive-For-South-Africans-FT.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-09-29 07:45:272021-11-15 09:51:07Mauritius Is Making Residency Even More Attractive For South Africans
The Standing Committee on Finance held public parliamentary hearings on 31 August 2021 regarding the proposals contained in the Draft 2021 Tax Bills. One of the most hotly debated items on the agenda was the proposal to tax retirement interests where South Africans cease their tax residency. During the public hearings it became evident that […]
https://www.financialemigration.co.za/wp-content/uploads/2021/09/Government-Faces-Several-Obstacles-in-Imposing-Exit-Tax-on-Retirement-Interests-FT.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-09-29 07:29:592021-09-29 07:32:38Government Faces Several Obstacles in Imposing Exit Tax on Retirement Interests
Citizenship planning has become an important element of every financial plan. Today investors are incorporating the benefits of citizenship planning in their estate planning, retirement planning, legacy planning and tax planning.
https://www.financialemigration.co.za/wp-content/uploads/2021/09/Pathway-To-European-Citizenship-FE-FT.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-09-23 00:30:382021-09-23 09:12:59Pathway To European Citizenship
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