November 2021

SARS’ TAX LAW BLUNDER GIVES EXPATS A QUICK BREATHER Following deliberation with members of the public, National Treasury recently released its official response to the Parliamentary submissions on their proposed Draft Tax Bills. Among other things, Treasury noted that they would withdraw a controversial amendment that would have been problematic for South African expatriates contemplating […]

GOVERNMENT WITHDRAWS PROPOSAL TO IMPOSE EXIT TAX ON RETIREMENT INTERESTS Expatriates and those with plans to emigrate will be relieved to learn that the proposal to impose an exit tax on retirement interests will be withdrawn. Jean du Toit Head of Tax Technical READ MORE Featured in In presenting their Draft Response Document on the

SARS AND NATIONAL TREASURY HAVE GONE QUIET ON EXPATS. WHAT’S BREWING? 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. Victoria LancefieldGeneral Manager

ZERO HOUR EXPAT TAX RETURNS DUE THIS FILING SEASON The past two years have been a journey into unchartered waters for all, and a particularly tense time as far as South African expatriates are concerned. For many expats, more and more questions have been left unanswered as this filing season, and the tax filing period

EMIGRATION EXPO ARE YOU COMING BACK? Tax Consulting SA and Xpatweb were exhibitors at the Durban leg of The Emigration Expo. While fielding questions, it was evident that many people are interested in working and living offshore, but they seem unsure where to start. All their questions and concerns can be compiled into three groups.