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dta-admin2021-12-13 09:59:562026-01-09 08:36:49SARS’ New Letters of Non-Residency – Hidden Teeth
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dta-admin2021-12-13 09:59:562026-01-09 08:36:49SARS’ New Letters of Non-Residency – Hidden Teeth
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...

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...

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plans to emigrate will be relieved to learn that the proposal to impose an exit tax on retirement interests will be withdrawn.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...

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...

Zero Hour: Expat Tax Returns Due This Filing Season
The past two years have been a journey into unchartered waters for all, and a particularly tense time as far as South African expatriates are concerned. For many expats, more and more questions have been left unanswered as this filing season, and the tax filing period draws to a close on 23 November. One thing,...

Living The Zambian Dream – South Africa Hasn’t Forgotten About You
Many South Africans work and live in Zambia because it is a favourable mining, construction, and agricultural African destination. Some of these South Africans have either temporarily or permanently made the move to Zambia without following the correct emigration procedures to mitigate their tax exposure in South Africa. The general misconception is that when a...

Avoid Tax Wolves In Sheep’s Clothing: 6 Things To Look Out For
SIX THINGS TO LOOK OUT FOR Post-Covid economic resurgence saw an increase in international work opportunities. With skills in hand, many South African professionals have become sought-after in other countries. As a result, their finances and subsequent taxation have come under scrutiny. However, along with the awareness of tax complications, another threat has emerged. Thomas...

NEWS | CALM IN THE STORM: DTA’S PROVIDE QUIET RESPITE FOR EXPATS
The lockdown in South Africa followed shortly after the introduction of the expat tax limitation in section 10(1)(o)(ii) of the Income Tax Act. Previously, the foreign employment income of South Africans who spent more than 183 days outside of South Africa in a 12-month period, of which 60 were continuous, would be wholly exempt from...
