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When last did you visit the SARS Webpage aimed at Expatriates?
As of 10 February 2013 the first indication that this webpage is sadly if not badly neglected is the fact that the most recent update reads: Our NEW tax season started 1 July 2011! Yes, in 2013 about to collect Feb 2013 provisional taxes and launch the 2013 tax filing season, SARS Expatriates team are living in 2 years into the past.
Oh, and there is no reason have sympathy, blogger as repeatedly informed SARS and very specific leading expatriate team members. As we are still awaiting the technical correction on the process and rules behind the encashment of Retirement Annuities by formal emigrants (end March it will 12 months since blogger alerted the SARS Retirement Fund Team and the DTA team and the Expatriates team). Recently blogger got his hands on a letter send to the Retirement Fund Interest Group in which the listed author admits an update is required. That letter is also 4 months old end of Feb 2013.
Until SARS shows respect to expats blogger suggests we need to make peace with this email reply:
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My other blog –cross border tax
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
Hugo van Zyl is a Chartered Accountant with a Master’s Degree in Taxation. With more than 20 years of experience in accounting and auditing, today Hugo has relinquished his private practice as a registered auditor and is a sought-after specialist in local and international tax. His main focus is on cross-border and emigration issues. He nonetheless retains his professional registrations with:
- The SA Institute of Chartered Accountants (SAICA) http://www.saica.co.za (member 00251094); and
- SARS as registered tax practitioner (PR-0017096).
- the SAIT Master Tax Practitioner http://www.thesait.org.za/memberr/hugovanzyl
Who are the clients?
Hugo assists individuals or companies, directly in association with several small and medium sized audit and law firms servicing their international client base. These services include
- cross-border Exchange Control applications for individuals emigrating as well as for small- and medium-sized businesses entering the international market;
- double tax treaty compliance
- advice on the legal and compliant use of South African and internationally owned intellectual property, such as trade marks, software licenses and franchise agreements
- assistance to small and medium sized audit firms with tax advice and to resolve tax disputes including VAT.
His client base includes many fellow South Africans dispersed around the world. Both those who left with nearly no cash as well as high net worth individuals leaving their home country or returning to their roots, or merely departing on secondment to fill appointments as business executives, academics or diplomats.
Using modern technology such as Skype, Box.net and Microsoft Office Live, MSN Chat, FON and other VOIP devices he is able to assist his clients around the world from his office in Brooklyn, Pretoria as though they were together in the same boardroom. From his office Hugo professionally attends to his international clients on a daily basis wherever they may reside or trade.
Hugo has travelled far and wide to lecture on Tax to South Africans dispersed all over the world, including Wembley, London where his lecture was presented in Afrikaans! Particularly since the well-publicized Tax and Exchange Control Amnesty of 2004, Hugo has been much in demand on the international lecture circuit for his presentations on offshore and the appropriate business structures necessary to be fully complaint with local tax and exchange control rules. In South Africa he has also trained SARS staff, lectured on Advanced Certificate in Trusts to students of various universities and also to SAICA members covering topics such as VAT, capital gains tax, emigrations, residence basis of taxation and much more.
The man himself
Married, with no children Hugo enjoys travel, good food and wine.
Hugo’s passion and commitment is to add value to his clients and particularly, to serve South Africans wherever they are working or living – be that in South Africa or around the world.
For full information go to www.hugovanzyl.co.za