https://www.financialemigration.co.za/wp-content/uploads/2021/04/ft-SARS-Keeps-Tabs-on-South-Africas-Brain-Drain-Polity-TC.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-04-21 07:47:182021-04-23 07:59:36NEWS | ARE YOU A MILLENNIAL AND EMIGRATING? DON’T KISS SARS GOODBYE YET
Introduction of Automatic Exchange of Information The South African Revenue Service (SARS) has discovered R400bn in offshore holdings owned by South Africans and is on the rampage to collect all taxes that it is owed on these assets.
South Africans who are already living abroad but have not yet properly financially emigrated need to be aware of the major benefits of taking the important step of ceasing tax residency to get their tax affairs in order with the SA Revenue Service (SARS).
https://www.financialemigration.co.za/wp-content/uploads/2021/04/FT-IN-FE-and-the-Capital-Gains-Tax-Parting-Gift-To-SARS-TC.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-04-19 11:26:082021-10-18 11:59:01NEWS | FINANCIAL EMIGRATION AND THE CAPITAL GAINS TAX ‘PARTING GIFT’ TO SARS
https://www.financialemigration.co.za/wp-content/uploads/2021/04/FT-IN-Expats-Can-Cash-In-Retirement-Annuities-To-Hedge-Against-Volatile-Rand-TC.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-04-15 14:10:442021-10-18 11:57:43NEWS | EXPATS CAN CASH IN RETIREMENT ANNUITIES TO HEDGE AGAINST VOLATILE RAND
https://www.financialemigration.co.za/wp-content/uploads/2021/04/FT-IN-What-Emigrating-Taxpayers-Need-To-Know-In-2021-TC.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-04-15 08:57:022021-10-18 11:57:19NEWS | WHAT EMIGRATING TAXPAYERS NEED TO KNOW IN 2021
The process of financial emigration, which is the process that allows a taxpayer to formally place themselves on record as a non-resident for tax purposes with the South African Revenue Service (SARS), recently changed and came into effect on 1 March 2021.
https://www.financialemigration.co.za/wp-content/uploads/2021/03/FT-IN-Financial-Emigration-Remains-The-Cleanest-Rute-Out-Of-South-Africa-FE.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-03-29 10:07:422021-04-07 08:20:01NEWS | FINANCIAL EMIGRATION REMAINS THE CLEANEST ROUTE OUT OF SOUTH AFRICA
Financial emigration is the process used by many South Africans abroad to formalise their non-resident status for both tax and exchange control purposes, and which is set to be amended, as mentioned a year ago in Budget 2020, and come into effect on 1 March 2021.
https://www.financialemigration.co.za/wp-content/uploads/2021/03/ft-The-New-Financial-Emigration-FE.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-03-01 07:02:192021-04-12 10:17:30NEWS | THE NEW FINANCIAL EMIGRATION ANNOUNCED BY SARB
https://www.financialemigration.co.za/wp-content/uploads/2021/01/ft-President-Ramaphosa-Signs-3-Year-Retirement-Fund-Lock-in-Into-Law-SG.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-01-28 12:32:522021-04-12 10:18:45NEWS | PRESIDENT RAMAPHOSA SIGNS 3 YEAR RETIREMENT FUND LOCK-IN INTO LAW
https://www.financialemigration.co.za/wp-content/uploads/2021/01/FT-IN-Relief-For-Expats-Confirmed-With-Promulgation-Of-Tax-Legislation-TC.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-01-28 06:34:342021-01-28 09:51:47NEWS | RELIEF FOR EXPATS CONFIRMED WITH PROMULGATION OF TAX LEGISLATION
The President has given effect to the 2020 tax proposals by signing three tax Acts into law. On 15 January 2021, the President gave his assent to the Rates and Monetary Amounts and Amendment of Revenue Laws Act No. 22 of 2020 (“Rates Act”), the Taxation Laws Amendment Act No. 23 of 2020 (“TLAA”) and […]
https://www.financialemigration.co.za/wp-content/uploads/2021/01/ft-2020-Tax-Proposals-Signed-into-Law-10-Key-Changes-FE.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-01-26 09:34:582021-02-02 09:50:31NEWS | 2020 TAX PROPOSALS SIGNED INTO LAW – 10 KEY CHANGES
The days where SARS shuts its eyes to taxpayers’ offshore holdings are thing of the past. SARS is finally utilising the Automatic Exchange of Information regime to pin down taxpayers who have not disclosed their offshore interests and numerous taxpayers have already received some alarming notices to this effect.
https://www.financialemigration.co.za/wp-content/uploads/2021/01/ft-Web-SARS-is-aware-of-your-offshore-assets.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-01-20 07:48:032021-01-20 07:48:48NEWS | SARS IS AWARE OF YOUR OFFSHORE ASSETS
South Africans living or working abroad can no longer avoid the long arm of SARS. Under pressure to meet its revenue quotas, the tax authority has started auditing the country’s non-compliant expatriates in earnest.
https://www.financialemigration.co.za/wp-content/uploads/2021/01/FT-IN-Last-Chance-For-SA-Expatriates-To-Come-Clean-With-SARS-TC.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2021-01-12 08:54:242021-01-25 09:39:56NEWS | LAST CHANCE FOR SA EXPATRIATES TO COME CLEAN WITH SARS
https://www.financialemigration.co.za/wp-content/uploads/2020/12/ft-March-2021-A-Watershed-For-Retirement-Funds-In-South-Africa-5-Things-You-Need-To-Know-TC.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2020-12-22 10:12:022021-04-14 09:43:37NEWS | MARCH 2021 A WATERSHED FOR RETIREMENT FUNDS IN SOUTH AFRICA: 5 THINGS YOU NEED TO KNOW
As a South Africa working and living abroad, there is nothing more frustrating than incessant delays on applications for new and/or renewals of South African Government-issued documentation (referred to as “Civic services”).
https://www.financialemigration.co.za/wp-content/uploads/2020/12/FT-IN-Successfully-Navigating-Important-SA-Government-Document-Renewals-While-Living-Abroad-TC.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2020-12-15 10:43:112020-12-15 13:51:03NEWS | SUCCESSFULLY NAVIGATING IMPORTANT SOUTH AFRICAN GOVERNMENT DOCUMENT RENEWALS WHILE LIVING ABROAD
On 13 October 2020, National Treasury and SARS published their responses on the Draft Taxation Laws Amendment Bill (“TLAB”), which included potential relief for South African expatriates who were unable to leave South Africa owing to the Covid-19 lockdown.
https://www.financialemigration.co.za/wp-content/uploads/2020/11/FT-IN-Taxation-Laws-Amendment-Bill-Provides-Relief-For-SA-Expats-Trapepd-During-Lockdown-TC.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2020-11-11 10:37:502020-11-20 06:56:25NEWS | TAXATION LAWS AMENDMENT BILL PROVIDES RELIEF FOR SOUTH AFRICAN EXPATS “TRAPPED” DURING LOCKDOWN
The protracted lockdown in South Africa resulted in the Department of Home Affairs (“DHA”) offering limited emergency services. South African citizens and permanent residents seeking Civic Services such as unabridged birth and marriage certificates were left frustrated as existing applications were indefinitely delayed.
https://www.financialemigration.co.za/wp-content/uploads/2020/11/ft-South-African-Government-Issued-Certificates-101-What-You-Need-to-Know-XP.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2020-11-04 09:35:362020-11-11 11:57:51NEWS | SOUTH AFRICAN GOVERNMENT ISSUED CERTIFICATES 101: WHAT YOU NEED TO KNOW
National Treasury has responded to some of the key changes proposed in its Draft Tax Law Amendment Bill (TLAB) and Draft Tax Administration Laws Amendment Bill (Draft TALAB) – including questions around emigration and harsher punishments for taxpayers.
https://www.financialemigration.co.za/wp-content/uploads/2020/10/FT-IN-Treasury-And-SARS-Outline-New-Tax-Changes-For-South-Africa-TC.jpg600600fm-adminhttps://www.financialemigration.co.za/wp-content/uploads/2021/05/Financial-Emigration-3.pngfm-admin2020-10-16 09:35:532020-11-04 09:55:07NEWS | TREASURY AND SARS OUTLINE NEW TAX CHANGES FOR SOUTH AFRICA
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