The conundrum faced by most South Africans Do not believe the articles and publications suggesting all SA Expats face a new tax charge as of 1 March 2020 (#Tax2020) Only SA tax residents not having completed tax emigration (#taxmigration) not necessarily #FinancialEmigration, need to consider the new rules. Want to ask me why? Make contact […]
Author Archives: Hugo van Zyl CA(SA) TEP MTP(SA)
Expats – the questions you should be asking
Looking for the last blog? Follow this link How foreign employment income tax will impact South African expats Blog updated 3 February 2019 #Expats – the questions you should be asking Expats living outside SA must first answer the following questions before they agree to emigrate financially: Provide a family structure and background information on […]
How foreign employment income tax will impact South African expats
Do not believe the fear mongers suggesting you must emigrate formally to correct non-compliance. Read more in The South Africa NewsPaper Have questions? Make Contact with Hugo The current hype into formal emigration being the absolute and final solution to escape the tax consequences of the new #Tax2020 rule has resulted in too many expats […]
Tax free salary does not equate to tax non-resident
South Africans living in the UAE (Dubai) or Qatar (Doha) not paying South African tax on their foreign earned salary, in most cases will remain tax resident in SA. The 183/+60-day rule only speaks to the (partial) exemption of remuneration from employment. South Africans will continue to pay SA tax on worldwide income from all […]
USA celebrates 4th of July! Aliens funds the party
As Americans recover from their 4th of July parties, it is indeed time to consider the tax cost and consequence for aliens investing with Uncle Sam Yes, South Africans are aliens. President Trump may or may not have referred to people from South Africa as living in a s’hole country, who am I to say! […]
Formal Emigration – Not advisable for all!
Formal Emigration – Not advisable for all!. First publisched by: http://www.bcbadvisory.com/formal-emigration-not-advisable-for-all/ Formal or financial emigration is the process to formally change your exchange control status from resident to non-resident. It is also sometimes known as Excon Exit. Financial emigration will not affect a South African’s right to retain their South African citizenship or dual citizenship. It […]
FATCA in Afrikaans? BRS:AEOI? Is this Marmite on Toast you ask?
“BRS: AEOI” means Business Requirement Specification: Automatic Exchange of Information There is so many new tax acronyms, one can’t be blamed for not always knowing the full phrase behind the tax acronym. To guide you, we add a few new once, all from an SA perspective yet they are all well-known international acronyms or abbreviations. Here they […]
Ex-pat Pensioners enjoy Exchange Control Freedom
On our Exchange Control Blog we posted an interesting Exchange Control update (Circular 4 of 2014) refers. See http://wp.me/P4efR1-q In short: Ex-pat Pensioners residing abroad (not having formally emigrated) can now extract their monthly pension and retirement annuity income from South Africa (SA) without the need of a tax clearance certificate, despite living abroad as so […]
Contact details for Hugo van Zyl
Our contact details Office 0283122764 or Mobile 082 55 44831 Email hugovz(at)iafrica.com Edited with BlogPad Pro
The South African law on dual nationality
http://www.sahc.org.au/citizenship/Dual_Citizenship.htm Note the comment on PR status for South African born nationals. Walvis Bay was South Africa for a long while! Hugo van Zyl Sent from my iPad
