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…
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…
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…
Where you spend your retirement isn’t just a lifestyle question. It’s also a financial one, and the numbers can look very different depending on which side of the border you’re…
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…
Working on a superyacht can be an incredible opportunity. You get to travel the world, earn a competitive salary and often receive generous tips from charter guests. But while your…
For many South Africans living abroad, ceasing South African tax residency feels like a clear milestone that’s naturally achievable. You’ve moved overseas, started a new job, opened local bank accounts…
Few things are more unsettling than discovering that your South African bank account has been frozen or that money has unexpectedly disappeared from your account. As the South African Revenue…