Tax free salary does not equate to tax non-resident

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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 Continue reading “Tax free salary does not equate to tax non-resident”

FATCA in Afrikaans? BRS:AEOI? Is this Marmite on Toast you ask?

BRS: AEOImeans 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 are, but it is not an exhaustive list: Continue reading “FATCA in Afrikaans? BRS:AEOI? Is this Marmite on Toast you ask?”

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 called temporary non-residents. 

TAX ISSUES  Continue reading “Ex-pat Pensioners enjoy Exchange Control Freedom”

Contact details for Hugo van Zyl

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Office 0283122764 or Mobile 082 55 44831

Email  hugovz(at)iafrica.com

 

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.
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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 actual sale only!

No need to bond the immovable property to pay its taxes, but you may need to cash n a few shares or mutual funds!

More information on request