Exit Tax Detrimental or Desirable; What You Need to Know When pursuing international career growth, and offshore employment, be aware that moving your person, without the requisite paperwork, will have you scoring bonuses in Belgium, but still subject to SARS in South Africa. In order to ensure optimal taxation, South Africans abroad must make use […]
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A Global Consensus Prior Due Diligence Recommended for AIT Requests In the weeks following the announcement of SARS’ enhanced Approval of International Transfers (AIT) process Tax Consulting South Africa hosted technical training sessions for several SARS-recognised controlling bodies. To date, this has included the South African Institute of Taxation, the Financial Planning Institute of Southern
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Demystifying Double Taxation Agreements What South African Expatriates Need To Know With the Covid-19 pandemic largely in the rear-view mirror, tens of thousands of South Africans are seizing lucrative employment opportunities abroad. At the same time, many of these expatriates are unaware that their hard-earned income is at risk of being taxed twice. On the
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5 Reasons South Africans Consider a Second Passport The Henley & Partners, in collaboration with Tax Consulting South Africa, hosted their annual roadshow in May 2023 on the topic of ‘Investment Migration Is More Than Just a Plan B.’. This again highlights the reasons why South Africans are considering getting a second passport. READ MORE
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The Market Has Spoken Experienced Hands Needed to Navigate SARS’ Enhanced AIT Process The market saw mixed reactions following the implementation of the enhanced Approval of International Transfers (AIT) process on 24 April 2023. Jashwin BaijooHead of Strategic Engagement & Compliance at Tax Consulting SA READ MORE Featured in On the one hand, there was
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The Cost of Non-Compliance SARS’ Shrapnel Knows No Borders SARS has made it easier to clamp down on individuals it deems as “sophisticated taxpayers”, specifically those with the ability “to apply for more than the yearly R1 million single discretionary allowance”. This is per the SARS media statement on 3 May 2023, and is one
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