October 2021

ARE YOUR OFFSHORE INVESTMENT STRUCTURES COMPLIANT WITH SARS? SARS Commissioner Edward Kieswetter introduced Natasha Singh as the first director of SARS’s new specialised segment targeting high net worth individuals. Singh’s appointment is considered as strategically essential in terms of ensuring compliance with affluent individuals who have complex financial arrangements. Melanie BrowneSARS & Financial Emigration Specialist […]

LIVING THE ZAMBIAN DREAM SOUTH AFRICA HASN’T FORGOTTEN ABOUT YOU Many South Africans work and live in Zambia because it is a favourable mining, construction, and agricultural African destination. Some of these South Africans have either temporarily or permanently made the move to Zambia without following the correct emigration procedures to mitigate their tax exposure

IS THE PROPOSED TAX ON RETIREMENT INTERESTS AN “EXIT TAX”? The most contentious proposal introduced by the 2021 Draft Tax Bills is arguably the tax on retirement interests when a person ceases tax residency. The proposed tax has widely been christened as a further “exit tax” imposed on South Africans leaving the country. However, based

THE GLITCH IN OUR NEW RESIDENCY-BASED SYSTEM South Africa’s exchange control regime has relaxed considerably over the last few years, but the most recent amendments have created widespread confusion around the definition of non-residency for exchange control purposes. Sthembile MkhizeExpatriate Tax Specialist (LLB) READ MORE In particular: When is a person non-resident for exchange control

FINANCIAL EMIGRATION SHOULD I STAY, OR SHOULD I GO? Whether working abroad or still hunting for jobs overseas, the possibility of a financial emigration always hits centre stage at some point. Reinert van RensburgExpatriate Tax Specialist(BCom Law & LLB) READ MORE Featured in Tax is inherently complex, but once you start crossing borders it becomes