Ep. 16 – South African Expat Tax Changes and What Expats Must Do Before 1 March 2020 with Hugo van Zyl – PROpulsion Podcast — Read on www.propulsion.co.za/ep16/ Hugo van Zyl CA(SA) TEP MTP(SA) is well-known for his expertise in cross-border tax and financial planning. It is no surprise that his colleagues refer to him as […]
Author Archives: Hugo van Zyl CA(SA) TEP MTP(SA)
SARS FAQ: Foreign Earned Income Exemption
#Tax2020Truth on the Capped Foreign Earned Income Exemption being R1 million as of 1 March 2020 SARS now has a dedicated page dealing with: FOREIGN EMPLOYMENT INCOME EXEMPTION On this page there is two newly (October 2019) released documents, the one a work in progress (draft Interpreration Note 16 Issue 3) and a FAQ document […]
#Expats vs. #SARSCompliance (#Tax2020Truth)
Some interesting tax facts that may cause panic! Time clean up and tidy up your #SARSCompliance and file the February 2019 tax return. Not tax registered? Follow this link to register or call on us, and we can assist. If you cannot be registered through your employer you will need to visit a SARS branch […]
What is the #ExpatTax2020 benefit of financial emigration?
ZERO! There is zero benefit for most! The impact of financial emigration on your tax residence is probably zero – there is no such a process! Be aware! Do not be tricked into huge fees! Acquiring approval from the South African Reserve Bank to formally emigrate from a banking and Exchange (Excon) perspective is not […]
#taxmigration vs. #financialemigration
And the scoreboard reads: #taxmigration 10 #formalemigration 5 #financialemigration 0 (failed) Eventually, we have SARS buy-in and confirmation that formal emigration is not a tax act process. Yes, SARS punched the […]
The final countdown to #ExpatTax UAE Visit January 2020: Dubai and Abu Dhabi
Saffas @Wegkaners in the UAE has some time left to get their tax matters in order! January 2020 is about the latest you can stretch is! Act now
Resident – the South African Conundrum for UAE based Expats
We in the UAE 12-20 September 2019 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. […]
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 […]