A Letter to the Taxman: Breaking Tax Ties
As South Africans embark on a journey beyond our borders, the need to inform the South African Revenue Service (“SARS”) about one’s emigration is crucial for peace of mind.
Author Archive for: Tax Consulting South Africa
Entries by Tax Consulting South Africa
Non-Residency and Assets – What You Need to Know
Taking the leap and ceasing your tax residency is a big step for many South Africans, who are already under the strains of their physical move abroad. This stress often leaves one in a period of limbo wondering about their assets and what happens to these hard-earned investments, properties, policies and portfolios, to name a […]
Navigating Financial Emigration: A Tax-Centric Approach for High-Net-Worth South Africans Abroad
In the shimmering tapestry of expatriate life, High-Net-Worth South Africans find themselves crafting stories of success on foreign soils. Amidst the allure of international opportunities, an often overlooked chapter in their expatriate journey involves the intricate dance with tax implications rather than the broader theme of emigration.
CIPC’s System Upgrades – Constructive Or Prohibitive?
As 2023 draws to a close, the Companies and Intellectual Property Commission decided to give taxpayers something new to learn over the festive break! Throughout 2023 the CIPC, together with SARS, implemented a number of changes, including Beneficial Ownership Registers, and Foreign Director Verification; December however saw the launch of CIPC’s new and improved system […]
Are you a SARS Third-Party Appointment casualty? – here’s how you can reclaim your wealth in the War on Non-Compliance
In a country where the tax authority, SARS, holds the power to issue third-party appointments, non-compliant taxpayers risk losing more than just sleep.
Navigating the Return: Key Considerations for Expatriates Heading Back to South Africa
In the dynamic landscape of 2024, a growing number of South Africans who once left our local shores are now contemplating a return to their roots. The world has evolved significantly over the past few years, prompting many to reassess their choices.
Exit with Confidence: A Roadmap and Financial Strategy when Emigrating
In the wake of the global skills shortage, South Africans are finding themselves in high demand globally, prompting many to contemplate a life abroad.
SARS Commands Collection – A Snapshot of the War on Non-Compliance
2023 has seen SARS expanding its compliance arsenal, implementing processes such as the Approval of International Transfer (AIT) process, and sending out waves of Handover to 3rd Party Debt collector Notices to non-compliant taxpayers.
Exchange Control and Tax Residency in South Africa
The South African Reserve Bank (SARB), in collaboration with various financial institutions, maintains a comprehensive record of the residency status of all South African banking customers.
Navigating Tax Residency: A Guide for South African Expats
For South Africans who have ceased their tax residency, unlocking one’s retirement savings becomes a nuanced journey filled with complexity and uncertainty.