Latest South African Emigration News & Tax Insights

Airplane interior with blurred passengers and aisle, illustrating a bumpy ride. Text: TAX D-DAY IS HERE: SA EXPATS IN FOR A

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

16/01/2020

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. Those who do not comply with the new requirements face stiff penalties and risk up to two years in prison. To help expatriates understand their...

Stacks of coins and a full jar against a blurred South African flag, with text about expat tax being a 'scare tactic'.

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

15/01/2020

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. Speaking in an interview with 702, Botha said that South African tax residents who render services outside the country...

EXPAT TAX: COUNTDOWN TO IMPLEMENTATION KICKS OFF

08/01/2020

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". Amendments to the Income Tax Act are due to...

Smiling financial emigration attorney Reabetswe Moloi asks about provident fund tax implications for emigration.

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

18/12/2019

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. They write: I will resign from my current company in four months. My provident fund value is currently sitting at R201 150. I would like...

A person in a blue suit crosses fingers behind their back, paired with text: KNOW WHEN YOUR TAX PRACTITIONER IS WORKING FOR

KNOW WHEN YOUR TAX PRACTITIONER IS WORKING FOR SARS

21/11/2019

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. Arguing with such an advisor who uses...

EXPAT TAX - WHAT YOU NEED TO KNOW

21/11/2019

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. The section 10(1)(o)(ii) exemption...

Promotional graphic for 'Expatriate Tax' book by LexisNexis and Tax Consulting, stating 'All you need to know about expat

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

07/11/2019

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

07/11/2019

There is some confusion over how SARS determines whether someone is liable for local tax. In light of the uproar over the so-called “expat tax”, Mark Bechard unpacks the concept of tax residency and what financial emigration involves. The capping of the "expat tax" exemption on 28 February next year has become a hot topic...

LexisNexis Expatriate Tax Textbook Author Team from Financial Emigration smiling proudly outside a building.

EXPATRIATE TAX - LEXISNEXIS PUBLISHES DEFINITIVE GUIDE

31/10/2019

THE COUNTDOWN BEGINS 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...

Professional team of authors from Financial Emigration and LexisNexis behind the new comprehensive guide on expat tax.

COMPREHENSIVE GUIDE NOW AVAILABLE TO ADDRESS EXPAT TAX

31/10/2019

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...

Wooden numbers 2020, with a hand placing the final '0', resting on coin stacks, alongside text 'SA EXPAT TAX MOST FREQUENTLY

SA EXPAT TAX MOST FREQUENTLY ASKED QUESTIONS

29/10/2019

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. Legal...

Crossroads with signs for 'Confusion' and 'Contradiction', illustrating expats' dilemma with SARS.

SARS HAS EXPATS AT A CROSS ROAD

15/10/2019

MAKE INFORMED CHOICES TO MITIGATE THE COMING TAX IMPACT ON FOREIGN INCOME 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. The change to section 10(1)(o)(ii) - the foreign income exemption – will become effective in about six...

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LATEST NEWS

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

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

EXPAT TAX: COUNTDOWN TO IMPLEMENTATION KICKS OFF

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

KNOW WHEN YOUR TAX PRACTITIONER IS WORKING FOR SARS

EXPAT TAX - WHAT YOU NEED TO KNOW

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

TAX RESIDENCY AND FINANCIAL EMIGRATION

EXPATRIATE TAX - LEXISNEXIS PUBLISHES DEFINITIVE GUIDE

COMPREHENSIVE GUIDE NOW AVAILABLE TO ADDRESS EXPAT TAX

SA EXPAT TAX MOST FREQUENTLY ASKED QUESTIONS

SARS HAS EXPATS AT A CROSS ROAD

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