Tax 2020 Time lines for SA Expats

uae-tax-exit-summary.pdf

your ref:

#Tax2020Truth

WHAT TO DO?

Monday, 06 January 2020

UAE TAX EMIGRATION SUMMARY JANUARY 2020

our ref: UAE Tax Exit Summary.docx

General guidelines for South African Expats (#Saffas) or #Wegkaner – not employed by SA employer

There is great confusion as the solutions, products and tax process to be followed by Saffas residing AND working in the UAE (in possession of an Emirates ID card)

Foreign Earned Income refers to income from employment only, as defined in ITA section 10(1)(o)(ii)

Action points Continue reading “Tax 2020 Time lines for SA Expats”

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”

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