How are residents and non-residents taxed in South Africa?
In preparing for your international relocation, it’s important to know what to expect tax wise. As a South African tax resident, you are taxed on both your worldwide income (above the R1.25 million exemption threshold) and locally-sourced income. But this changes when...
Emigrating – what does SARS need to know and why
As an expat, you’ve now successfully navigated the trials of visa or residency applications, physical relocation, entering a new job and settling into the new normal as an emigrant from South Africa. The question then becomes, where and why does the South African...
Can I still cash in my South African retirement annuity without “financially emigrating”?
Before tax law changes in 2021, South Africans who relocated abroad could cash in their retirement annuities once they’d formalised their emigration with the South African Reserve Bank. This formalisation changed the individual’s status from resident to non-resident...