Tax emigration is the SARS process of formally ceasing your South African tax residency. Once you have ceased residency, South Africa taxes you only on your South African sourced income….
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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…
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…
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…
Many South Africans who work abroad assume that exempt foreign income means there is nothing to declare and nothing to file. The exemption is claimed on a tax return. SARS…
Don’t let your family inherit a legal headache in two countries. If your assets sit in two countries, having a single will may be setting your family up for exactly…
When a South African expat permanently returns to South Africa, it has important tax consequences. This is especially relevant to expats with foreign income. It will also affect anyone with…
Give your spouse a car, settle their bond, move an investment portfolio into their name, and no tax question arises. Currently, donations between spouses are exempt, with no cap and…
No one likes discovering they’ve made a tax mistake, especially when it involves several years of missed declarations or unpaid tax. But whether it was an honest oversight, a misunderstanding…
Think your offshore bank accounts are invisible to the South African Revenue Service (SARS)? Think again. For many South Africans living and working abroad, opening an overseas bank account feels…