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 […]

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 […]

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 […]

%d bloggers like this: