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 […]

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

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

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