News Archives - Cease Tax Residency

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Leaving SA Does Not Abruptly End All One’s Dealings Here, But The Devil Is In The Detail

Leaving SA does not abruptly end all one’s dealings here, but the devil is in the detail It is not to say that all South Africans who have started a new life overseas – whether for an extended period or permanently – have or want to sever all ties with their country of birth. Many […]

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Project AmaBillions | Being abroad won’t save you from SARS’ collection efforts

Project AmaBillions | Being abroad won’t save you from SARS’ collection efforts Being abroad won’t save you from SARS’ collection efforts As the upcoming tax filing season approaches, the South African Revenue Service (SARS) is reportedly ramping up a major initiative aimed at recovering outstanding tax debt including from taxpayers living abroad. READ MORE John-Paul

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Expats Among Millions of South Africans Tapping into Two Pot-Windfall

Expats Among Millions of South Africans Tapping into Two Pot-Windfall Only two months into the new tax year, many South Africans have again dipped into their retirement fund Savings Pot, after also making a withdrawal in the previous six months. READ MORE John-Paul FraserTeam Lead: Cross Border Taxation      Shuanita de WetRetirement and Pension Fund

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Important Tax Directive Updates from SARS will impact expats’ withdrawal of retirement interests

Don’t be misled: No waiting period for SA expats who want to cease tax residency Many South African expatriates have unknowingly missed out on paying lower taxes in South Africa for years while living abroad, due to confusing or misguided advice that they must reside outside the country for a number of years before officially

Important Tax Directive Updates from SARS will impact expats’ withdrawal of retirement interests Read More »

Don’t be misled: No waiting period for SA expats who want to cease tax residency

Don’t be misled: No waiting period for SA expats who want to cease tax residency Many South African expatriates have unknowingly missed out on paying lower taxes in South Africa for years while living abroad, due to confusing or misguided advice that they must reside outside the country for a number of years before officially

Don’t be misled: No waiting period for SA expats who want to cease tax residency Read More »

Understanding South Africa’s Exit Tax and the Proposed Tax on Retirement Interests

Understanding South Africa’s Exit Tax and the Proposed Tax on Retirement Interests A misunderstanding of certain sections in the Income Tax Act has many South Africans who moved abroad and ceased tax residency, worried that they will also be liable to pay Capital Gains Tax (CGT) on the withdrawal of their retirement funds, in addition

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South Africa’s Financial Future in Limbo – Should You Exit Now?

South Africa’s Financial Future in Limbo – Should You Exit Now? The initial disbelief and shock on the postponement of the 2025 Budget Speech may have made way for cooler heads and the hope that more deliberations will deliver better budget outcomes for vulnerable citizens and a platform for economic growth, but many South Africans

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Saudi Employment Impact Expats

Saudi’s national employment targets leave many South African expatriates high and dry

Saudi’s national employment targets leave many South African expatriates high and dry South Africans are among a growing number of global expatriates in Saudi Arabia and the United Arab Emirates (UAE) who are forced to return home due to strict local employment targets.  Commonly known as Saudization and Emiratisation, these policies aim to increase and

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