March 2022

CEASING YOUR TAX RESIDENCY Numerous South African taxpayers are unaware of their tax status in South Africa and what steps need to be taken to remain compliant with the South African Revenue Service (“SARS”). To add to this, there exist confusion and misconceptions surrounding expat tax where taxpayers are advised that they are compliant, but […]

SOUTH AFRICAN RESERVE BANK LEAVES AUTHORISED DEALERS HIGH AND DRY Effective 1 March 2021, the South African Reserve Bank (SARB) removed themselves from the process of Financial Emigration. The move was gladly welcomed by Authorised Dealers (banks), as this took away the burdensome process banks had to follow guided by Exchange Control Rulings. Lovemore NdlovuSARS

ROUGH SEAS AHEAD FOR TAXPAYERS WORKING ON THE SHIPS In search for opportunities abroad, many South Africans have taken to the seas. It might not be the same as working in a new country, but it offers a change of scenery while earning a foreign income.  Labert RobertsExpatriate Tax Team Manager READ MORE Featured in

WHY EMIGRATING TO THE NETHERLANDS IS ATTRACTIVE TO SOUTH AFRICANS With various countries closing their borders since the inception of the COVID-19 pandemic, the Netherlands has emerged as one of the new frontrunners as a destination for emigrating South African to further their careers. READ MORE Featured in Not only is the Netherlands attractive in

#BUDGET2022 SOUTH AFRICAN EXPATS REMAIN TOP PRIORITY FOR SARS The Budget Review 2022 was far from a “good news” budget for South Africans working abroad (“expats”). For the 5th consecutive year, there has been changes proposed that clearly indicate that SARS is still targeting expats and view them as low-hanging fruit to boost revenue collection.