Latest South African Emigration News & Tax Insights

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Worried about your assets when you break tax ties with South Africa, here are some tips.

13/12/2024

We all want to protect our assets best we can, but just know that the Tax Man is always watching. For South Africans who are leaving to live overseas, it is not just a question of pack up and go, and breaking tax ties with the South African Revenue Service (SARS). Ceasing South African tax...

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Understanding and Changing Your Tax Residency Status in South Africa

02/12/2024

South Africans who have settled in other countries may not be aware that a change in tax residency is not automatic. As a result, these expatriates fail to notify the South African Revenue Service (SARS) of their tax status change, thereby remaining a resident of South Africa for tax purposes. It is important to note...

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Avoid nasty tax surprises by checking your tax residency status with SARS

26/11/2024

South Africans working and residing overseas, even those who left the sunny shores decades ago, may find they are literally not on the same page as the South African Revenue Service (SARS) when it comes to their tax residency status, and that can come with serious tax implications. After recent system changes at the office...

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Reporting Requirements for Ceasing South African Tax Residency

20/11/2024

It’s not unusual for the South African Revenue Service (SARS) to tighten compliance requirements, especially for individuals seeking to cease their South African tax residency. Recently, SARS has again stepped up its approach by conducting more rigorous scrutiny of applications. This includes a thorough review of individuals' tax returns, going back up to five years,...

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Financial Emigration: Legal and Compliance Considerations

13/11/2024

If you're South African and thinking about making a permanent move abroad, or have you already taken the plunge. It’s crucial to understand the legal and compliance obligations related to your tax residency status with the South African Revenue Service (SARS). Ceasing your tax residency can have significant implications, especially if you want to avoid...

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Expatriates Navigating the Complexities of Tax Filing Before the Deadline

18/10/2024

For South African expatriates living overseas, tax filing can be a contentious and often confusing issue. Many expats are uncertain about their tax obligations, and have received conflicting advisory around their obligations, making the looming annual deadline a stressful period. With the filing deadline just days away it is important for South African expats globally...

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Navigating Inheritance: Key Considerations for South African Expatriates

16/10/2024

Navigating Inheritance - Receiving an inheritance from South Africa can be a complex process for expatriates, involving various legal and tax considerations. One of the most critical factors is tax residency status, which significantly influences how the inheritance is processed and transferred abroad. It is essential for expatriates whether they have ceased their tax residency...

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Contemporary Financial Emigration Myths and Misconceptions

15/10/2024

Notwithstanding positive developments in recent months with reduced loadshedding and the results of the recent national elections, many thousands of South Africans expats continue to seek greener pastures abroad. In many cases, such expats elect to cease their tax residency statuses in South Africa, through the financial emigration process. Richan Schwellnus Tax Attorney Admitted Attorney,...

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Ceasing of South African Tax Residency: A Back-to-Basics Approach

30/09/2024

Deciding to emigrate is a profound financial decision that goes far beyond simply pointing to a location on a map. It demands thoughtful consideration and meticulous planning to determine why you are choosing a particular country as your new home. The process of adjusting to a new personal and professional environment can be challenging, however,...

Hourglass with sand flowing, surrounded by stacks of gold coins, symbolizing time, money, and financial management.

Timing Is Everything For SA Expatriates When It Comes To Two-Pot System Withdrawals

25/09/2024

South African expatriates considering an early withdrawal from their retirement savings in South Africa now that the new Two-Pot Retirement system is in place, should get their timing right. There is now a golden window to access your retirement funding and especially for those who have left South Africa long ago and decided to just...

A group of businesswomen holding blank white papers over their faces, obscuring their identities.

South African Expats: How Will SARS Find You?

06/09/2024

Since the controversial amendment to Section 10(1)( o )(ii), known as the ‘Expatriate Exemption,’ took effect on 1 March 2020, a pressing question among South Africans living abroad has been, “How will SARS find me?” This concern is particularly valid for expatriates who currently earn over R1,25 million, given SARS’s intensified focus on ensuring compliance...

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SARS Non-Residency Verification Risk For Expats Filing 2024 Tax Returns

16/08/2024

As a South African living abroad, you might assume that your tax affairs are in order. However, recent changes by the South African Revenue Service (SARS) require immediate attention to your non-resident tax status. Before submitting your 2024 tax return, it is crucial to ensure that your non-resident tax status is correctly aligned with SARS....

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LATEST NEWS

Worried about your assets when you break tax ties with South Africa, here are some tips.

Understanding and Changing Your Tax Residency Status in South Africa

Avoid nasty tax surprises by checking your tax residency status with SARS

Reporting Requirements for Ceasing South African Tax Residency

Financial Emigration: Legal and Compliance Considerations

Expatriates Navigating the Complexities of Tax Filing Before the Deadline

Navigating Inheritance: Key Considerations for South African Expatriates

Contemporary Financial Emigration Myths and Misconceptions

Ceasing of South African Tax Residency: A Back-to-Basics Approach

Timing Is Everything For SA Expatriates When It Comes To Two-Pot System Withdrawals

South African Expats: How Will SARS Find You?

SARS Non-Residency Verification Risk For Expats Filing 2024 Tax Returns

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