Parliament Heard Foreign Pensions Tax Could Deter Wealthy Retirees, Returning Expatriates and Investment
The proposed removal of the tax exemption on foreign retirement funds for South African tax residents could have far-reaching negative consequences, including deterring wealthy foreigners and expatriates from choosing South Africa as a retirement destination, discouraging return migration, and scare off global investors from starting businesses in South Africa.
Outdated SARS Security Details Could Lock South African Expatriates Out of the System
Many South Africans living abroad do not realise that outdated contact information such as old mobile numbers or inactive email addresses on the South African Revenue Service (SARS) system, can block access to their eFiling profile, often with serious consequences.