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 […]

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

Budget 2013 Webcast @Treasury page

Budget 2013 Webcast @Treasury page This Webcast is scheduled for Wednesday, February 27, 2013 at 14:00 South African time. Your browser will periodically check if the webcast has started.Should the refresh counter below not have incremented after several minutes, click the ‘Check if Live’ button to start the webcast manually. Current Refresh interval is 240 […]

WW Directory Of Tax Professionals – My Blog

WW Directory Of Tax Professionals – My Blog Full blog on http://taxconnections.com/taxblog/tax-year-end-in-south-africa/  New webpage address is taxmigration.com or cgt.co.za  Tax year-end in South Africa, for smaller companies and all individuals, is on the last day of February 2013. In terms of the collection process, South African Revenue Services (SARS or the equivalent of IRS and HMRC, the competent taxing […]

TAA Draft rules for lodging an objection and appeal against an assessment

TAA Draft rules for lodging an objection and appeal against an assessment Draft rules to be promulgated under section 103 of the Tax Administration Act, 2011 (Act No. of 2011), prescribing the procedures to be followed in lodging an objection and appeal against an assessment or a decision subject to objection and appeal referred to […]

Pregnant or half pregnant?

Pregnant or half pregnant? When you take amnesty or use the voluntary disclosure route, do come clean, totally clean. You just can be half dead or half pregnant. Jail is jail as lying is lying. “According to HM Revenue & Customs, Roderick Smith of Wigan in the UK, said he had only one offshore account while […]

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