financial-planning-for-south-african-expats-tax-mitigation-strategies

Financial Planning For South African Expats: Tax Mitigation Strategies

The 2020 reforms to the South African Income Tax Act removed the exemption on tax on foreign income for many South Africans living abroad, exposing them to a new tax liability. This has caused many expats to seek legal tax mitigation solutions. With financial emigration a last resort solution which is unsuited to the majority…

financial-planning-for-south-african-expats-financial-emigration

Financial Planning For South African Expats: Financial Emigration

Most South Africans living abroad will be aware of reforms to the so-called ‘expat tax’ introduced this year by the South African Revenue Service (SARS). Until March 2020 income earned overseas by South African expats was not subject to South African tax providing certain conditions were met with regard to residency and time spent in…

financial-planning-for-south-african-expats-double-taxation-agreements

Financial Planning For South African Expats: Double Taxation Agreements

With the removal of the exemption from tax on foreign income as of 1st March 2020 many South African expats have been drawn into the South African Revenue Service’s (SARS) net. Any South African classed as non-resident according to the ordinary residence and physical presence tests will now be taxed at the relevant marginal tax…