Planning for Exit
With the world’s recent and continuing lockdowns, in view of the ever-present Covid-19 pandemic, more and more South Africans are considering moving abroad (or having their children move abroad).
South Africans Abroad: Watch Out For SARS’ Audits
This year’s filing season which opens on 1 July 2021, will be the first in which expatriates will feel the impact of the amendment to Section 10(1)(o)(ii) of the Income Tax Act, or the ‘Expatriate Exemption”.
Recent Changes To Financial Emigration Leaves Banks In The Dark
“From blocked accounts, to financial freedom, and back to blocked accounts.”
Claiming Home Office Deductions – Proceed With Caution
SARS recently published a webpage, “Home Office Expenses”, providing guidance to employees who worked from home and who want to claim home office expenses as a deduction against their income.
Relying on the ‘Tick-Box Approach’ to Cease Tax Residency Should Raise Alarm Bells for South African Expatriates
Some tax advisors are reported to have directed their expatriate clients to cease tax residency in South Africa by simply ticking the non-resident box in the client’s return and thereafter deregistering the client as a taxpayer from SARS. Following such shady advice could result in a criminal act and will have the client suffering at […]