3 QUESTIONS SA EXPATS MUST ASK ABOUT TAX RESIDENCY Access to current information has become the saving grace for expatriates. However, with the advent of social media platforms, came an accompanying surge of opportunistic advisors who unknowingly, and sometimes knowingly, mislead vulnerable expatriates in their quest for clarity, and in so doing, potentially harm their […]
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SARS EAGER TO EMPLOY INEXPERIENCED YOUTH TO ASSIST CONFUSED TAXPAYERS The South African Revenue Service (“SARS”) recently expressed its intentions to dive into its recruitment drive with renewed vigour. First on the block, is the employment of 250 young South Africans. This presents a grave concern for expats working, or planning to work, abroad. Thomas
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2021 TAX PROPOSALS SIGNED INTO LAW – 5 KEY CHANGES The President has given effect to the 2021 tax proposals by signing three tax Acts into law. On 14 January 2022, the President gave his assent to the Rates and Monetary Amounts and Amendment of Revenue Laws Act No. 19 of 2021 (“Rates Act”), the
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WITHDRAWAL OF EXIT TAX CONFIRMED AS PRESIDENT SIGNS TAX BILLS INTO LAW The President has given effect to the 2021 tax proposals by signing the relevant tax Acts into law. With the promulgation of the Taxation Laws Amendment Act No. 20 of 2021 (“TLAA”), Government’s promise to scrap the exit tax on retirement interests has
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THE ‘SILENT’ CHANGES AFFECTING SOUTH AFRICANS WHO ARE EMIGRATING The transition from the old emigration regime to the current regime – ceasing of tax residency, came with some relief. However, there were some silent changes that went unnoticed. The most notable change has been the requirement of a SARS Tax Compliance Status (TCS PIN) for
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TAX RESIDENCY CERTIFICATES: THE CONTENTIOUS DEBATE AMONGST EXPAT TAX ADVISORS For years the South African Revenue Service (“SARS”) has been trying to amend legislation to affect the way that expatriates are taxed on their foreign earnings. Their relentless pursuit for tax compliance often directs them towards individuals who are not disclosing all their earnings. READ
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