Our team recently held an international roadshow in the Isle of Man, Guernsey and Jersey to update unsuspecting South Africans on their tax obligations to SARS this tax season.
Attendees were shocked to learn that despite no longer living in South Africa, they still carry a legal obligation to declare their foreign income to SARS and that their foreign earnings might still be subject to taxation in SA. The number of years you have been out of SA or whether or not you have dormant assets like stale pensions or bank accounts are irrelevant – you could still be tax resident in SA. You might consider yourself a small fish when it comes to SARS, but expats are cautioned to not be misled by thinking you are not on their radar.
If you missed us during our visit and want to learn more about how to become a non-resident for tax purposes in South Africa and protect your hard-earned money, then please join us for our upcoming webinar series.