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 […]
Non-Residency and Assets – What you need to Know Read More »
In an increasingly interconnected world, many South Africans find themselves considering opportunities abroad, whether for career advancement, lifestyle changes, or retirement, however the answer to the question is not so straightforward and involves more than just packing up and leaving; it requires a comprehensive understanding of ceasing tax residency and exchange control regulations. Read More
The SA Expat’s Roadmap for Moving Funds Abroad Read More »
With the euphoria of living abroad wearing off for many South Africans, a growing number of expatriates are drawn back by the allure of a vibrant cultural scene, inviting temperate climate, and favorable exchange rates. Read More
Tax Planning for Repatriation: A Non-Resident’s Toolkit to Returning Home Read More »
For decades, the affluent South African has searched for ways to preserve their wealth, in such a way as to ensure their descendants do not have to start from the bottom as they did. This has in most instances, lead South Africans to explore offshore investment and insurance options, including the creation of offshore Trusts
Wealth Preservation and Residence by Investment for South Africans Read More »
What South Africans Returning Home Need to Know Historically, hundreds of thousands of South Africans have relocated to various foreign countries seeking greener pastures. Officially, Stats SA’s March 2024 Migration Profile Report recorded that almost a million South Africans were living and working abroad by 2020. This number increased from more than 743 000 expatriates residing
Residency Recommencement Considerations – Read More »
Exchange Control Perplexity South Africans who have taken the leap to finalise their cessation of tax residency often overlook the banking regulations and financial consequences that may follow. Understanding these concepts is crucial to ensuring that you remain fully compliant as a non-resident taxpayer and will help you avoid setbacks when engaging with the financial
Maintaining South African Bank Accounts and Financial Ties After Emigration Read More »
In an exciting recent development, National Treasury published a set of draft Tax and Revenue Law Amendment Bills, together with accompanying Explanatory Memorandums thereto, for public comment. These draft Bills contained a host of robust proposed changes to tighten certain loopholes and inconsistencies in South Africa’s tax laws. Read More
Foreign Tax Credits – Welcome Surprise or Snare for Wealthy South African Taxpayers? Read More »
Not with standing positive developments in recent months with reduced loadshedding and the results of the recent national elections, many thousands of South Africans expats continue to seek greener pastures abroad. In many cases, such expats elect to cease their tax residency statuses in South Africa, through the financial emigration process. Read More
Contemporary Financial Emigration Myths and Misconceptions Read More »
We all want to protect our assets best we can, but just know that the Tax Man is always watching. For South Africans who are leaving to live overseas, it is not just a question of pack up and go, and breaking tax ties with the South African Revenue Service (SARS). Ceasing South African tax
Worried about your assets when you break tax ties with South Africa, here are some tips. Read More »
