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 […]

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 […]

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 […]

Tax consequences of packing for Perth

My other blog –cross border tax The Sake24 Article on RA’s Having read the very informative article one is left wanting some more facts on the deemed C G T (capital gains tax) on the assets not sold, yet left behind. The one nice thing as that CGT on immovable property is always payable on […]