If you’re a South African tax resident working overseas, SARS counts your foreign salary as part of your worldwide income and taxes your worldwide income. Let’s look at important tax…
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If a relative in South Africa has died and named you as a beneficiary, there are two separate processes that have to be completed. The first is the winding up…
If you ceased your South African tax residency early in your career and decided to move back to South Africa later, a lot depends on the date you become a…
Your ability to withdraw your South African retirement savings from abroad depends on your tax residency status with SARS. Janine (not her real name) encountered this when she wanted an…
If you have ceased South African tax residency, or you live abroad and still own assets here, your existing South African bank account no longer matches your status. The account…
If you have left the country, or you are planning to, your South African retirement annuity stays behind, until you do something about it. You have three broad choices. You…
If you are a South African tax resident, SARS taxes you on your worldwide income, subject to the exemptions and exclusions that apply. Every year you remain a resident is…
Short answer: sometimes, and it depends on three things. Your South African tax residency status, whether you are still active on the SARS register, and the amount you are moving….
If you earn money outside South Africa, whether that is a salary from an overseas employer, rent from a flat in London, or interest sitting in an offshore savings account,…
Can SARS tax you on your way out the door? Yes, but not on everything, and not in the way most people expect. The South African exit tax is a…