Latest South African Emigration News & Tax Insights

A prominent gold chess pawn stands out in a large group of black chess pawns, symbolizing uniqueness or selective focus.

Is SARS Doing Selective Prosecution Of Tax Offenders?

06/09/2021

On numerous occasions, the South African Revenue Service (SARS) has warned that they will be taking on South African taxpayers who have been non-compliant. James Fouche Writer/Journalist They have backed this threat by issuing a series of summonses on those who are suspected of contravening SA tax laws. The media was quick to report on...

Person using a calculator with icons for financial growth, money, health, home, car, and travel floating above.

Industry Survey Evidences The Immense Impact Of Proposed Retirement Fund Changes On South Africans Abroad

02/09/2021

The Expatriate Petition Group (“EPG”), who has an active membership of 15,000 South Africans abroad, recently conducted a survey to contextualise the proposed retirement fund changes from the perspective of South African expatriates, specifically in light of other recent legislative amendments. Chris Nel Tax and Investment Specialist, CFP® Professional The survey results showed that 75%...

Close-up of hands with dark skin tone signing a formal document with a white pen on a white table.

South Africans Abroad Take Note: Taxpayers With Outstanding Returns Summoned To Face Criminal Charges

25/08/2021

The National Prosecuting Authority (NPA) is issuing summonses to taxpayers with outstanding tax returns. The Commissioner for SARS, Edward Kieswetter, has promised that they will make life difficult for non-compliant taxpayers, a promise he has kept. Those who decided to ignore his words of caution may soon be summoned to appear in court on criminal...

Alarm clock set to 8:00 on a desk, with a person working on a laptop in the blurred background, suggesting a deadline.

Start Planning Around The Additional Exit Tax Before It’s Too Late

25/08/2021

On 28 July 2021, National Treasury and the South African Revenue Services (SARS) released the 2021 Draft Taxation Laws Amendment Bill, which will come into effect from March 2022. Susan Warren Insurance Specialist, CFP® Professional It has enjoyed a lot of scrutiny over the last couple of weeks – and rightfully so. The revelation of...

Businessman on a tangled network of roads, scratching his head, representing difficult financial decisions and market

Finance Industry Experts Left Scratching Their Heads About New Draft Tax Bill

23/08/2021

It is not uncommon for National Treasury and the South African Revenue Services (SARS) to propose, and subsequently gazette, amendments to the Income Tax Law. It’s also not unheard of that these draft tax law amendment bills will enjoy scrutiny by industry specialists. That is why draft tax bills are open for public comment. Once...

Gavel next to two stacks of gold coins, representing legal disputes, finances, and taxes.

Is The New Exit Tax Constitutional?

17/08/2021

The 2021 Draft Tax Bills published proposed the introduction of a tax on the retirement interests of those who cease their South African Tax Residency. It means a new section will be inserted in the Income Tax Act that would take effect from 1 March 2022. The new Exit Tax may very well lead to...

Antique pocket watch and copper coins spilling from a dark pouch, representing finance, investment, and tax implications.

Tax Bills Propose Additional Exit Tax Under New Section 9HC

13/08/2021

When ceasing their South African tax residency, taxpayers are subject to an ‘exit tax’ which forms part of the emigration process. Victoria Lancefield General Manager Financial Emigration & Tax Residency CIMA Dip MA, ACCA Dip However, National Treasury has proposed a further tax on those who intending to leave South African shores permanently. In the...

Person on laptop with digital icons for tax compliance, legal documents, and warnings.

SARS System Enhancements Enforce Tax Compliance

30/07/2021

Over the last couple of years, SARS has systematically increased their manpower to better orchestrate taxation processes, as well as their investigative procedures. They have also allocated R3 billion towards improving their technological and information-gathering infrastructure, which will aid in tightening the noose around individuals with undeclared foreign-earned income or cryptocurrency tax evaders. SARS has...

Gavel, scales of justice, and coin stacks on reflective surface, symbolizing tax law, finance, and wealth.

Tax Bills Propose Additional Exit Tax On Emigrating South Africans

30/07/2021

National Treasury published the latest Draft Tax Bills on 28 July 2021, which incorporate the tax proposals made in the 2021 Budget. The Draft Taxation Laws Amendment Bill (TLAB) contains a particularly jarring amendment which proposes to tax retirement fund interests of individuals when they cease South African tax residency. Existing exit tax It is...

A person in a dark suit signs a document with a fountain pen on a desk, with a judge's gavel nearby.

New Tax Bills Published: Five Key Proposals

30/07/2021

National Treasury published the latest Draft Tax Bills on 28 July 2021, which incorporate the tax proposals made in the 2021 Budget. Highlighted below are 5 key changes proposed by Government that taxpayers need to be aware of. Curbing abuse of ETI – Schemes where ETI is claimed in respect of individuals who do not...

A calculator resting on a desk in an office setting, symbolizing financial planning and tax preparation for expats.

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...

A professional in a dark suit holds a black leather briefcase, with a bright, blurred background suggesting an outdoor or

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...

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

LATEST NEWS

Is SARS Doing Selective Prosecution Of Tax Offenders?

Industry Survey Evidences The Immense Impact Of Proposed Retirement Fund Changes On South Africans Abroad

South Africans Abroad Take Note: Taxpayers With Outstanding Returns Summoned To Face Criminal Charges

Start Planning Around The Additional Exit Tax Before It’s Too Late

Finance Industry Experts Left Scratching Their Heads About New Draft Tax Bill

Is The New Exit Tax Constitutional?

Tax Bills Propose Additional Exit Tax Under New Section 9HC

SARS System Enhancements Enforce Tax Compliance

Tax Bills Propose Additional Exit Tax On Emigrating South Africans

New Tax Bills Published: Five Key Proposals

5 Top Tips For Expats To Make Themselves Tax Ready

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

Find Us

Contact Details

In the News

LATEST NEWS

Find Us

Contact Details

In the News

This Website Uses Cookies