A judge's gavel resting on a brown legal book titled 'TAX LAW' on a wooden desk.

Withdrawal Of Exit Tax Confirmed As President Signs Tax Bills Into Law

The President has given effect to the 2021 tax proposals by signing the relevant tax Acts into law. With the promulgation of the Taxation Laws Amendment Act No. 20 of 2021 (“TLAA”), Government’s promise to scrap the exit tax on retirement interests has been confirmed, at least for now. The 2021 Draft Tax Bills were...
Silhouette of a traveler with luggage at an airport window, watching a plane take off or land, symbolizing emigration.

The ‘Silent’ Changes Affecting South Africans Who Are Emigrating

The transition from the old emigration regime to the current regime - ceasing of tax residency, came with some relief. However, there were some silent changes that went unnoticed. The most notable change has been the requirement of a SARS Tax Compliance Status (TCS PIN) for every capital transfer a Non-Resident/Non-Tax Resident makes to offshore....
A small house on a tilted seesaw, symbolizing factors weighing heavily on tax residency decisions.

Tax Residency Certificates: The Contentious Debate Amongst Expat Tax Advisors

For years the South African Revenue Service (“SARS”) has been trying to amend legislation to affect the way that expatriates are taxed on their foreign earnings. Their relentless pursuit for tax compliance often directs them towards individuals who are not disclosing all their earnings. Recently SARS began requesting audits of those working offshore with more...
A calculator sits on top of US tax forms, with sections like 'Adjusted Gross Income' and 'Form 1040-V' visible, suggesting

What Is Provisional Tax And When Do I Qualify For It?

During 2021, many South Africans were forced to start their own businesses to put food on the table, while others changed from traditional employees to contracted remote workers. Whether they retained a reduced salary or wholly embraced the responsibility of being an entrepreneur, it is important for these individuals to understand how the South African...
Man working remotely on a laptop from a couch, looking focused, in a home setting with a bookshelf in the background.

The Tax Implications Of Working Remotely

One of the most notable adjustments during the global lockdowns, has been the introduction of remote working policies for staff. While the world was in a pandemic-induced cocoon, companies and employers were forced to shift their operations online. They quickly realised that this could be done while employees work from the comfort of their homes....
Dart with a flight displaying the South African flag, symbolizing South African financial or tax matters.

SARS’ New Letters of Non-Residency – Hidden Teeth

The South African Revenue Service (SARS) has recently started issuing letters to taxpayers working abroad, confirming their change in status to non-residents for tax purposes. This is a somewhat peculiar development for expatriates who have previously ceased their tax residency, as they are now requiring an additional step to objectively support their non-residency as issued...
Golden chess queen standing victorious amidst fallen silver pieces on a dark chessboard, symbolizing triumph.

SARS’ Tax Law Blunder Gives Expats A Quick Breather

Following deliberation with members of the public, National Treasury recently released its official response to the Parliamentary submissions on their proposed Draft Tax Bills. Among other things, Treasury noted that they would withdraw a controversial amendment that would have been problematic for South African expatriates contemplating emigration. Victoria Lancefield General Manager Financial Emigration Thomas Lo...
Close-up of a file organizer with a tab labeled 'TAX FORM' prominently visible, suggesting tax document organization.

The Close Of The 2021 Filing Season – Don’t Be Caught Off Guard

The current tax filing season is almost at an end. Many taxpayers have submitted their annual return to the South African Revenue Service (“SARS”), while others are scampering to submit their returns before the 23 November 2021 deadline. Jashwin Baijoo Legal Manager: Africa Tax and Compliance Andre Daniels Legal Manager: Tax Controversy and Dispute Resolution...
A bronze statue of blindfolded Lady Justice holding scales in one hand and a sword in the other, seated on a throne.

Government Withdraws Proposal To Impose Exit Tax On Retirement Interests

Expatriates and those with plans to emigrate will be relieved to learn that the proposal to impose an exit tax on retirement interests will be withdrawn. In presenting their Draft Response Document on the 2021 Draft Tax Bills, National Treasury and SARS confirmed that the proposal will not be included in final Taxation Laws Amendment...
Black chess pawns lined up on a chessboard next to a chess clock, in black and white.

SARS And National Treasury Have Gone Quiet On Expats. What’s Brewing?

National Treasury’s latest published Draft Tax Bills incorporated the contentious additional “exit tax”, which proposed to tax retirement fund interests of individuals when they cease South African tax residency. Victoria Lancefield General Manager for Financial Emigration Various expatriates and stakeholders opposed the draft law bill during Virtual Parliamentary sessions in August this year. However, we...