April 2022

ISLE OF MAN EMERGING AS TERRITORIAL FORERUNNER AMONG SA INVESTOR EXPATS As the South African Revenue Service (SARS) intensifies its focus on the tax compliance of high net-worth individuals (HNWI), a self-governing island nation located in the Irish Sea has steadily emerged as an appealing emigration destination for prospective South African expatriates. Sthembile MkhizeExpatriate Tax […]

TOP TIPS FOR UNDERSTANDING OFFSHORE TRANSFERS What Are The New Rules? Since the announcement by Treasury effective 1 March 2021 to the process of Financial Emigration and ceasing ones tax residency, the transfer of funds offshore for expatriates (emigrants as known under exchange control), has in some regards become more flexible, in terms of allowing

THE DIFFERENCE BETWEEN THE SARS NON-RESIDENT CONFIRMATION LETTER AND THE EMIGRATION TAX COMPLIANCE PIN SARS Non-Resident Tax Status Confirmation Letter SARS is now officially issuing confirmation of tax non-residency letters. The letter serves as an additional confirmation one’s non-tax residency, with pre-existing documentation having an expiration date and not always suffice in dealing with some