With the euphoria of living abroad wearing off for many South Africans, a growing number of expatriates are drawn back by the allure of a vibrant cultural scene, inviting temperate climate, and favorable exchange rates.
As of 24 April 2023, the South African Revenue Service (SARS) changed the rules by which taxpayers have to play when it comes to applying for funds to be transferred internationally. If you have not heard by now, SARS’ introduction of a new dynamic application called Approval International Transfer (AIT) is enhanced and involves a strict […]
Double taxation agreements (DTAs) are a familiar phrase to South African expats working and living abroad. However, for those who remain unsure, a DTA is an internationally recognised contract entered into between South Africa (SA) and another country, which regulates who holds taxing rights. As the name suggests, DTAs are aimed at the avoidance of […]