Latest South African Emigration News & Tax Insights

KNOW YOUR TAX LIABILITY SOUTH AFRICAN EXPATRIATES

02/04/2020

SOUTH AFRICAN EXPATRIATES The amendment to the expat tax exemption that came into effect 1 March 2020 will have a tremendous impact on both employers and employees respectively. We have consulted with some of the largest corporate groups in South Africa as well as in places such as Democratic Republic of Congo, Mauritius and the...

Aerial view of Le Morne Brabant, Mauritius, with turquoise waters, resorts, and text about Temple Group's SA fiscal reforms.

TEMPLE GROUP (MAURITIUS) UPDATES ON THE IMMINENT FISCAL REFORMS IN SA

13/03/2020

Celebrating the launch of its regional office on the west coast of Mauritius, Temple Group conducted a workshop on the 2020 Tax Reforms in SA, emphasising the reforms announced in the recent budget speech, and the importance of choosing the correct processes for relocating oneself or a company outside of SA. Aditi Boolell, Lead Advisory...

NATIONAL TREASURY TAKES A VIEW ON FINANCIAL EMIGRATION

27/02/2020

South Africa Bleeding Skills Not surprisingly, there has been an outflow of South Africans in recent years for various reasons, a top reason being the punitive “expat tax” regime promulgated in December 2017, and effective 1 March 2020. Financial emigration being the main process being used to avoid this tax, as it placed one formally...

Black and white stop sign under a cloudy sky. Overlaid text: 'Budget Speech 2020: Government's Last Ditch Attempt Due to

BUDGET SPEECH 2020 – GOVERNMENT LAST DITCH ATTEMPT DUE TO EXODUS OF SOUTH AFRICANS

26/02/2020

In December 2017, the change to the foreign employment income exemption was promulgated into law. This has widely become known as the “expat tax”. The exemption at that point was capped at R1mil, meaning that South African tax residents earning foreign employment income above this threshold would no longer be exempt from tax in South...

UNDERSTANDING SOUTH AFRICAN EXPAT TAX

12/02/2020

Amendments to the Income Tax Act will soon see all South Africans working outside the country’s borders contribute to the fiscus from 1 March. Currently, South Africans working outside the country’s borders for more than 183 days are exempted from paying tax to their home country. The amendment will now see a cap of R1...

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...

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LATEST NEWS

KNOW YOUR TAX LIABILITY SOUTH AFRICAN EXPATRIATES

TEMPLE GROUP (MAURITIUS) UPDATES ON THE IMMINENT FISCAL REFORMS IN SA

NATIONAL TREASURY TAKES A VIEW ON FINANCIAL EMIGRATION

BUDGET SPEECH 2020 – GOVERNMENT LAST DITCH ATTEMPT DUE TO EXODUS OF SOUTH AFRICANS

UNDERSTANDING SOUTH AFRICAN EXPAT TAX

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

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