Entries by Errol

SA emigration and Capital Gains Tax

https://www.moneyweb.co.za/mymoney/moneyweb-tax/is-there-a-tax-saving-route-to-financial-emigration/?fbclid=IwAR2-rcqFkLOBsT1ihsldDnXXUwX0FfaaBWKaEeh-Vaak6t8fsKIWL5G6ul4 READER QUESTION Is there a tax-saving route to financial emigration? If I proceed with financial emigration to Mauritius, will I still be personally liable for capital gains tax on the shares I hold in a company? Brian Butchart / 9 September 2019: I currently fully own Company A, which owns shares in another company, […]

SA Ordinary Residence Tests:

It’s a common misconception that if a South African is living and working overseas they do not have to pay any South African income tax on their earnings. Although some overseas income may be exempt in terms of the Income Tax Act, it must be remembered that if you are classified as a South African […]

RSA: Taxmigration vs. Financialemigration

Reference: https://taxmigration.com/2019/09/20/taxmigration-vs-financialemigration/ – I gratefully acknowledge Hugo van Zyl’s authorship of this article: Eventually we have SARS buy-in and confirmation that formal emigration is not a tax act process. What we now need is SARS and all tax practitioners to stop using a brand name to refer to a SARB process referred to as “to […]

Financial emigration vs. becoming a non-resident for tax purposes: What’s the difference?

Financial emigration vs. becoming a non-resident for tax purposes: What’s the difference? Financial emigration vs. becoming a non-resident for tax purposes: What’s the difference? 11th December 2018 by Editor *This content is brought to you by Sable International. With offices in Cape Town, Durban, Johannesburg, Melbourne and London they are the perfect forex partner for […]

SA Tax Worldwide 1 March 2020

Expat tax change from 1 March 2020: Treatment of taxation on foreign remuneration Expat tax change from 1 March 2020: Treatment of taxation on foreign remuneration by Fanus Jonck | Feb 7, 2019 | Migration news, News Expat tax change from 1 March 2020: Treatment of taxation on foreign remuneration At the moment there is […]

SA Economy on the Brink

South Africa’s economy ‘doesn’t have a long time’ South Africa’s outlook has been dealt several heavy blows this week following Eskom’s financial results, and the latest unemployment data, which has raised the question: where to from here? South Africa’s unemployment rate climbed substantially in Q2 2019, StatsSA said on Tuesday (30 July). The Quarterly Labour […]

Top ten SARS trends

Article published on news 24 at https://www.fin24.com/Money/Tax/10-tax-trends-sars-is-clamping-down-on-20190701 Tax season 2019 officially opened on Monday July 1 for taxpayers who use the updated digital channels, namely eFiling and the SA Revenue Service MobiApp. This year, SARS is clamping down on non-compliant taxpayers – with the following 10 trends in the spotlight. Outstanding or late returns Outstanding […]