South Africa has a residence-based tax system. This means that an individual’s designation as ‘resident’ or ‘non-resident’ determines how the South African Revenue Service (SARS) will tax them on their…
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You’ve likely heard by now that tax emigration is in and financial emigration is out, which begs the question, “How has exchange control changed for non-tax residents?”. Unfortunately, as a…
If you are looking for a traditional seafood restaurant, then De Vette Mossel is not for you. Traditional seafood restaurants come with fancy cutlery and tableware, unpronounceable wine lists, and…
When it comes to banking in South Africa for expats and non-residents living abroad, a number of things have changed recently. If you’re a South African living abroad or you…
It sounds like a dream. Packing up your life in South Africa and heading overseas in search of better opportunities, for your career and your family. However, there’s a flip…
If you’re in the process of wrapping up your financial affairs in South Africa, and one of the things on your to-do list is “close SA bank account”, you might…
If you’ve emigrated from South Africa, chances are you’ll still need a bank account back home to manage your finances for property and investments you’ve left behind. With recent updates…
Until March 2020, South African residents living and working abroad could apply for tax exemption on foreign income. This has since changed. Now, South African residents temporarily abroad are expected…
South Africa has a residence-based taxation system. This means that South Africans (even if they’re living overseas) will be taxed on their income by the South African Revenue Service (SARS)…
So what happens to you on the date that you cease to be a South African tax resident? What does it mean to cease tax residency in South Africa? Do…