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SARS’ New First-Class Tax Clearance System Takes Taxpayers into Unchartered Territory Taxpayers generally need to obtain confirmation that they are compliant with their tax affairs in South Africa, at some point or another. If you escape this in life, it will generally become your beneficiaries and legatees’ problem on death. Hence the saying, “death and […]

Time To Count Your Chickens: SARS Has Changed The Tax Compliance Status Process With no fanfare or any prior notification, on 24 April 2023, SARS released new enhancements to the Tax Compliance Status (TCS) process, and with immediate effect. These changes will be directly felt by specific taxpayers seeking to transfer funds out of South

Policy Withdrawals – Navigating the Inconsistencies of Expat Requirements South Africans abroad face multiple challenges when it comes to withdrawing their retirement policies in South Africa. The most recent being the South African Revenue Services (“SARS”) implementation of the 3-year lock in rule on retirement funds in March 2021. This was further exacerbated by cumbersome

Need-to-know advice for high-net-worth SA families considering emigrating to the US Many high net worth (HNW) individuals and families, as well as qualified professionals, are seriously considering emigrating from South Africa to the US.Whether it is for work or to escape the country’s poor economic conditions and dwindling wealth opportunities, it’s a life-altering decision that

Who Why and How – Backdating Your Financial Emigration South Africa is a tax resident system. Tax residents of South Africa are taxed on worldwide income and South African sourced income.With the full foreign income exemption being capped in March 2020, it is more important than ever for expats, with a permanent intent to reside

Deregistration – Is It The Answer To Breaking All Ties With SARS? For expatriates who have decided that it is time that they break all ties with South Africa, the process of getting the South African Revenue Service (“SARS”) off your back can be a long, time-consuming affair that can result in many mistakes. With

You Still Need SARB Approval When Emigrating There may be a strange game of chess being played with taxpayers who are trying to cease their South African tax residency, with the result of keeping them “trapped” as tax residents for no legitimate reason. READ MORE Featured in “Currently, we’re not only seeing people leave the

THE 2023 BUDGET: SHORT TERM GAINS NOT ENOUGH On 22 February, the Minister of Finance, Enoch Godongwana, had the unenviable task of delivering the annual Budget Speech. Over the last year, and especially over the last few months, South Africa has taken one knock after another. Ears everywhere were on the ground, listening to what

An Expat Misconception:Your Tax Residency Status South Africans living abroad need to be mindful of the impact that this has on their tax obligations and ultimately, which country has a taxing right. Your tax obligation ultimately depends on your tax residency status. READ MORE André DanielsLegal Manager of Tax Controversy & Dispute Resolution   Featured

No Endgame: SARS stalemates taxpayers ceasing tax residency There may be a strange game of chess being played with taxpayers who are trying to cease their South African tax residency, with the result of keeping them “trapped” as tax residents for no legitimate reason. READ MORE Featured in “We have seen this often and especially