Expat Tax: No such thing as small fish

Expat Tax: No Such Thing As Small Fish

South Africans Abroad Emigrating from South Africa is not as simple as packing up your bags, jumping on a plane and setting up shop somewhere else. Unfortunately, there is still the issue of tax and no matter where you go, the taxman remains interested.

Align tax treatment of preservation funds upon emigration

Tax Relief upon Financial Emigration for non-residency Status

The 2018 Budget Speech announced additional tax relief upon “Financial Emigration” for non-residency status.

Does financial emigration affect my South African residency status or citizenship?

Does financial emigration affect my South African residency status or citizenship?

Emigration (also referred to as formal or financial emigration) does not affect your birth right, citizenship or the right to retain your South African passport. It is often believed that officially emigrating requires you to give up your citizenship and identity as a South African – a very emotive issue. This is incorrect.

Tax laws for SA expats are changing: How to avoid getting stung by SARS

Tax laws for SA expats are changing: How to avoid getting stung by SARS

The South African economy has been left frustrated by the number of citizens moving abroad, and failing to resolve their domestic tax issues. This was noted in the Parliamentary hearings in 2017 as one of the main reasons why the tax laws on South Africans working abroad had to change. As SA faces the prospect of […]

What is the difference between emigration and immigration?

Immigration (physical relocation) – to another country from South Africa. Emigration (financial emigration) – from an exchange control perspective, is the financial exit from South Africa. On completion of this process your financial status in South Africa changes from resident to non-resident.

Do I need to close my South African bank account when I financially emigrate?

Do I Need to Dispose of My South African Assets When I Financially Emigrate?

South African Treasury clears up rules