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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Ceasing tax residency changes how SARS taxes you. Your South African citizenship is governed by a separate law, administered by a separate department, and stays in place when you complete…
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 have left the country and want to cash in your South African retirement annuity (RA), you have probably run into the “3-year rule”. It is one of the…