From Departure to Encashment: The Two-pot Retirement System
The much anticipated two-pot retirement system, introduced as a “knight in shining armour” for South Africans, has received a new implementation date of March 2024. Expats are cautioned to pay attention to the effects that this will have on the encashment of their retirement savings.
Demystifying the Cease Tax Residency Process – Back to Basics
South African expatriates are often faced with a challenging decision – whether or not to cease their tax residency in South Africa (SA). However, this process has evolved drastically over the last few years, causing confusion for expatriates and tax professionals alike. Many remain unaware of what ceasing their tax residency in SA means and […]
SARS Continues to Place South African Expats at a Crossroads
SARS has implemented several changes that have paved the way to enforcing the tax obligations of South African expats living and working abroad.
Unforeseen Tax Debt Arising from Crypto Trading; How Did We Arrive Here?
Landing in a position of indebtedness to SARS can be quite a stressful journey on its own, but even more so when you’ve forgotten about your crypto assets.
Offshore Wealth Event Unveils the Way Forward with SARS
The South African tax landscape is ever-evolving, however, the most change has occurred in the last decade from a SARS and regulatory compliance perspective. Whilst the catalyst of new SARS, CIPC and Master Office changes has been South African grey listing; the new in-depth disclosure requirements now required are having a material impact on tax […]