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Outdated SARS Security Details Could Lock South African Expatriates Out of the System
Many South Africans living abroad do not realise that outdated contact information such as old mobile numbers or inactive email addresses on the South African Revenue Service (SARS) system, can block access to their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.
Don’t Miss the Window: Key Rules for South African HNWIs Moving Over R10 Million Offshore
With the ZAR hovering at its strongest level since the start of 2025, around R17.20 to the US dollar, many South African high-net-worth individuals (HNWIs) are enquiring about urgently moving funds offshore before year-end to take advantage of the currency’s current strength.
SARS’ Fast-Track Debt Compromise Process – Taxpayer Support or Targeted Collection Strategy?
SARS’ commitment to delivering seamless taxpayer service,can only be over-shadowed by their commitment to collecting as much tax revenue as possible.