Expat Tax 2020 remains a burning topic amongst SAFFAS abroad even after the implementation of the law change on 1 March 2020.

With a need for deeper and more practical insights regarding the law change, Jonty Leon (Co-Author of LexisNexis Expatriate Tax textbook) presented on Expatriate Tax 2020 in various locations such as Mauritius, the UK, the UAE, Qatar, Oman, Saudi Arabia and the Democratic Republic of Congo (DRC) over the past year.

A number of South African expatriates reached out and requested an online-based Expat Tax 2020 presentation due to the whole world being on “lockdown” and as some countries are too remote to access.

You asked, we listened! The team at Tax Consulting is proud to announce the hosting of an online webinar for South African expatriates in the UAE, Saudi Arabia, Bahrain and Kuwait in April 2020.

The Webinar will share deep and practical insights into the expatriate tax law change which took effect 1 March 2020 and will unpack the following key areas:

• Dealing with the fundamentals of international tax vs. South African tax and the principle that South Africans must always have a tax protection strategy;
• The history to the expatriate tax law change and the not widely reported primary motivations for the expat tax law change;
• The submission to Parliament in 2017 on behalf of South Africa expatriates, why the R1m exemption was allowed, the amended tax law and the remaining technical concerns  not addressed by National Treasury and SARS;
• Financial Emigration – when is this viable and when not, criticism and opportunity;
• South Africa / Double Tax Agreement – when is this viable and when not, risks and opportunity;
• Planning considerations where Financial Emigration and / or Double Tax Agreement relief not possible, including compliance strategy;
• Retirement in South Africa, tax risks associated with ‘end of service’ gratuity and other lump sums, tax considerations for continued South African investments especially into retirement vehicles, rental properties SARS audit approach etc.;
• Inheritances from or to family in South Africa, donations’ tax, forex and exchange control planning for inward and outward remittances;
• Common Reporting Standards, criminal offences standards, optimal tax planning and caveat against various tax ‘schemes’ being punted; and
• LexisNexis guide on Expatriate Tax.
• Exemptions that apply to Seafarers and Yacht Crew.