SOUTH AFRICA AND UAE TAX FUNDAMENTALS 101
Tax Consulting South Africa has received requests on social media and from various attendees during our most recent webinar; for a presentation dealing with the basic tax and planning fundamentals for South Africans in the UAE. This comes after the UAE issued a decision on determining tax residency for people living in the Emirates.
As authors of the Lexis Nexis Publication “Expatriate Tax”, now in 2nd Edition, this presentation will be true to our track record of being passionate about tax education, and being the largest provider to South Africans working abroad, but also for assisting fellow professionals with tax planning for their clients.
The purpose of this webinar is to deal with the announcement and changes to UAE tax residency rules, the fundamental South African tax rules that apply to expatriates, practical compliance examples, and to provide basic insight especially for expatriates living and/or working in the Emirates. This is an opportunity to hear directly from our leading experts, who deal with expatriate tax for South Africans on a daily basis.
KEY AREAS OF THE PRESENTATION
- The tax residency tests in South Africa;
- UAE tax residency – What is new and what you need to know;
- Where you remain tax resident, your compliance obligation and claiming the expatriate exemption;
- Basic rules for legally minimizing your tax obligation in South Africa;
- Practical tax and planning considerations for expatriates outside South Africa; and
- Tax risk management, SARS audit approaches and coming clean with SARS.
KEY AREAS OF THE PRESENTATION
- The tax residency tests in South Africa.
- The two ways of breaking tax residency, and compliance for non-residents.
- Where you remain tax resident, your compliance obligation and claiming the expatriate exemption.
- Basic rules for legally minimizing your tax obligation.
- Family wealth migration planning, tax structures and refresher on the do’s and don’t’s.
- Practical tax and financial planning considerations for expatriates; and
- Tax risk management, SARS audit approach and Coming Clean with SARS.
ABOUT THE SPEAKERS
Thomas Lobban
Thomas holds an LLB and LLM Tax Law degree and is a SARS registered tax practitioner in South Africa, with both practical tax and consulting experience. He has dealt with various legal conflicts of interest and moved from corporate practice to the consulting industry where he has entrenched himself within tax law, specializing in individual cross-border and crypto asset taxation.
Thomas joined Tax Consulting SA after obtaining his Masters degree, to focus on tax law and the intricacies thereof. He is a co-author of the LexisNexis Expatriate Tax textbook, and in particular its chapter on the interpretation and application of Double Taxation Agreements, which is of particular relevance to South Africans living and working abroad.
Martin Bezuidenhout
Martin holds a BCom Law degree and LLB degree from North West University and is an admitted Attorney and Conveyancer of the High Court of South Africa. Martin forms part of the Expatriate Tax team at Tax Consulting SA as an Expatriate Tax Attorney, where he assists clients with intricate tax residency matters in particular the application of Section 10, and the cessation of tax residency.
Martin recently represented Tax Consulting SA at the SAIT Tax Indaba, where he sat on a panel that was discussing “Ordinary emigration and taxing grey hairs”.
Delano Abdoll
Delano is a highly skilled attorney admitted to the High Court of South Africa, with extensive knowledge and expertise in tax law. He holds a Bachelor of Arts in Law, a Bachelor of Laws, and a Master of Laws degree in Procedural Law, all obtained from the University of Pretoria.
Delano has a strong focus on expatriate tax and individual cross-border taxation, making him an expert in dealing with complex tax issues faced by individuals who work or reside across international borders.
With his comprehensive understanding of tax laws and regulations, he is able to provide exceptional advice and support to clients in need of expert tax planning and management.