Tax residence certificates for SA expats: Sars’s way or the highway

Tax residence certificates for SA expats: Sars’s way or the highway

The revenue service has made it clear that these certificates are now a requirement to obtain the Notice of Non-Resident Tax Status Letter.

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Salary Needed to Live Comfortably &#8211; 2024 Study<br data-mce-bogus="1">

Salary Needed to Live Comfortably – 2024 Study

On average, an individual needs $96,500 for sustainable comfort in a major U.S. city. 


Have a look at this Cost of Living Calculator

https://emigrate2usa.co.za/tools-to-tag

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South Africa's exodus: Exploring the decline in migration as more opt to leave for good

South Africa's exodus: Exploring the decline in migration as more opt to leave for good

According to a Statistics South Africa’s (Stats SA's) Migration Profile Report for South Africa, there has been a massive decline in the number of people returning to the country after living abroad.

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South Africa&#8217;s minimum wage vs the world &#8211; with another big hike hitting in March

South Africa’s minimum wage vs the world – with another big hike hitting in March

South Africa’s National Minimum Wage (NWM) for the 2023/24 financial year was quite muted compared to 67 other countries – and the overall wage still ranks low when considering affordability.

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South Africa&#8217;s super-rich are sinking

South Africa’s super-rich are sinking

The latest Knight Frank Wealth Report 2024 shows that South Africa has lost 11 ultra-high-net-worth individuals in the last year – while thousands more millionaires have been lost over the last decade.

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Foreign tax credit and Form 1116: What accountants need to know

Foreign tax credit and Form 1116: What accountants need to know

For accountants working with U.S. expatriates, understanding the details of the foreign tax credit and Form 1116 is essential in preventing double taxation of income earned abroad and offsetting taxes paid to foreign governments against U.S. federal income tax liability.

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The profound challenges of emigration: Insights from South African&#160;families

The profound challenges of emigration: Insights from South African families

This global phenomenon has led to transnational families struggling with the consequences of emigration, challenging the core of parent-adult child relationships. 

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Granny, why do you live in a computer

Granny, why do you live in a computer

In an era where continents can be crossed with a click and emotions conveyed in pixels, family dynamics have been reshaped.

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Regularisation of loop structures &#8211; 5 things South Africans must know

Regularisation of loop structures – 5 things South Africans must know

Back in the days of South Africa’s stringent exchange control regime, loop structures were prohibited....

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Breaking tax residency with SA: when to apply the physical presence or ordinary residence test

Breaking tax residency with SA: when to apply the physical presence or ordinary residence test

Emigrating and getting ready to leave all your troubles and taxes behind? Not so fast. 

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Tax warning for South African expats

Tax warning for South African expats

South Africans living abroad are contending with a major shift in procedures from the South African Revenue Service (SARS).

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The facts about testamentary trusts in South Africa with offshore beneficiaries

The facts about testamentary trusts in South Africa with offshore beneficiaries

FAQs about testamentary trusts in South Africa.

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What to do when emigrating from South Africa

What to do when emigrating from South Africa

"However, emigrating needs a planned roadmap and exit strategy, Roxanna Naidoo from Tax Consulting SA said."

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Emigrating? Use this checklist for the company handling your&#160;move

Emigrating? Use this checklist for the company handling your move

Ask the international removal company the following questions before signing a contract...

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Do my retirement funds come with me when I leave SA?

Do my retirement funds come with me when I leave SA?

For those looking to move from South Africa, a burning question often remains: what happens to their hard-earned retirement funds? 

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The American nightmare for South African emigrants

The American nightmare for South African emigrants

Although getting a green card may be a huge positive for South African emigrants, bad planning could put them in an unwanted tax position.

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SARS makes big changes to international transfers

SARS makes big changes to international transfers

The South African Revenue Service (SARS) has made substantial changes for those looking to transfer money out of the country.

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Survey reveals what keeps South African expats tied to their roots

Survey reveals what keeps South African expats tied to their roots

While expats may live abroad, it seems their gees (spirit) stays at home.

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10 Things You Need To Know Before Becoming A Digital Nomad In The U.S.

10 Things You Need To Know Before Becoming A Digital Nomad In The U.S.

Make sure you aware of VISA requirements and tax implications

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Big pension problem for South African expats

Big pension problem for South African expats

“Expatriates are often under the impression that they need to wait three years before they can formalise their non-residency status,” the experts said.

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Emigration has an irreversible impact on a family dynamic

Emigration has an irreversible impact on a family dynamic

Saying goodbye is never easy, but there are ways to make it somewhat bearable.

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Embracing adult parenthood beyond&#160;borders

Embracing adult parenthood beyond borders

"Emigration, challenging for both parent and child, doesn’t weaken this special bond but reshapes the ways in which it is expressed."

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5 Ways to ensure that you get maximum value when financially emigrating

5 Ways to ensure that you get maximum value when financially emigrating

Many South Africans emigrate without first emigrating for tax purposes. Here are some considerations 

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From tax residency to expat tax &#8211; what you need to know if you&#8217;re leaving South Africa

From tax residency to expat tax – what you need to know if you’re leaving South Africa

Ensure you can navigate the tax system – at home and abroad. 

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Emigrating? Make sure you know your tax obligations

Emigrating? Make sure you know your tax obligations

A look at the process of changing your residency status and the potential complexities involved.

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SCA strikes down piece of legislation that led to automatic loss of SA citizenship

SCA strikes down piece of legislation that led to automatic loss of SA citizenship

The Supreme Court of Appeal dismissed the Gauteng High Court order, which stripped South Africans living abroad of their citizenship.

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How to plan ahead for emigration

How to plan ahead for emigration

Choose your destination country wisely. A wrong decision can cost you dearly.
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<span>How to Build Credit Without a Credit Card</span>

How to Build Credit Without a Credit Card

Building credit can be the key to a healthy financial life. But for many Americans the process can feel like a Catch-22.

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What happens to my retirement annuity when I emigrate?

What happens to my retirement annuity when I emigrate?

South Africans who choose to emigrate will have to wait for a period of three years before they can access and prematurely withdraw their retirement funds.
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Emotional impact of sibling separation is complex and should be prepared&#160;for

Emotional impact of sibling separation is complex and should be prepared for

A sibling’s decision to emigrate can result in a complex sea of emotions for the remaining siblings. 

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How SARS has changed tax compliance for transferring funds abroad

How SARS has changed tax compliance for transferring funds abroad

Thomas Lobban – Head of Cross-Border Tax at aTax Consulting SA, explains SARS’s amendments to the emigration process.

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The Impact of Emigration on Familial Bonds

The Impact of Emigration on Familial Bonds

Each family member may experience the impact of emigration in a different way. 

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Thinking About Emigrating? Here&#8217;s what you need to know about Financial Emigration

Thinking About Emigrating? Here’s what you need to know about Financial Emigration

Here’s what you need to know about financial emigration and a few important points about tax, retirement funding, trusts and wealth transfer.

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Talent Emigration now a Top Risk for SA Businesses

Talent Emigration now a Top Risk for SA Businesses

A vast majority of South African business leaders (80%) regard emigration of top talent as a critical risk factor for their businesses.

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How to invest for the possibility of a failed state

How to invest for the possibility of a failed state

More and more articles are appearing warning that the SA economy is heading for total implosion...

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Estate planning considerations for South Africans with beneficiaries overseas

Estate planning considerations for South Africans with beneficiaries overseas

Whether you’re a South African living overseas and are a beneficiary of a will, or are living in South African with family overseas who may benefit from your will, there are three scenarios in local exchange control for inheriting from a deceased estate.

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SARS changes to its emigration processes

SARS changes to its emigration processes

“The changes have already taken place on e-Filing, and it is imperative that the wider public understands the impact on the emigration process and the withdrawal of funds from South Africa to abroad,” said Tax Consulting SA.

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Pre-Immigration Tax Planning

Pre-Immigration Tax Planning

Immigration tax planning, or better pre-immigration tax planning, helps to avoid surprises and optimize the tax situation before arriving. Some tax-saving moves you can only make BEFORE becoming a US permanent resident.

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Need-to-know advice for HNWIs emigrating to the US

Need-to-know advice for HNWIs emigrating to the US

There are three main areas of concern anyone intent on emigrating to the US must consider to transition their lives smoothly and relocate their wealth safely. These are: visa options, a relocation plan, and tax emigration.

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5 Ways For Foreign Investors To Get A United States Green Card

5 Ways For Foreign Investors To Get A United States Green Card

For foreign investors there are five key ways to get a green card to live in the United States permanently.

Andy J. Semotiuk

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Wealthy taxpayers are leaving South Africa: expert

Wealthy taxpayers are leaving South Africa: expert

Eunomix chief economist Claude de Baissac has warned that South Africa is facing a growth collapse and that the country is too dependent on tax revenue from rich citizens – who are leaving in droves.

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Your South African retirement savings and their tax implications

Your South African retirement savings and their tax implications

The National Treasury and Sars have introduced many changes to the treatment of South African retirement vehicles ...

Khutso Makgoka and Megan Tucker 

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Wealthy South Africans are leaving in droves

Wealthy South Africans are leaving in droves

Safety concerns, rolling blackouts, corruption, and economic stagnation are just some of the motives behind high-net-worth individuals (HNWIs) choosing to leave for overseas. 

Editor Biznews

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&#8216;The Culture Transplant&#8217; Review: Immigration&#8217;s Legacy

‘The Culture Transplant’ Review: Immigration’s Legacy

Cultural traits can persist for generations after migrants arrive in a new country. Newcomers don’t simply assimilate to their new homes.

Robert VerBruggen

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Ranked: The 25 Countries Receiving the Most U.S. Immigration Visas

Ranked: The 25 Countries Receiving the Most U.S. Immigration Visas

Although many Americans feel that their country is on the wrong track, this does not stop foreigners from wanting to move to the United States.

Avery Koop

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Living abroad and inheriting from a South African deceased estate?

Living abroad and inheriting from a South African deceased estate?

According to Sars, individuals living and working abroad and who stand to inherit from a South African individual will fall into one of the following three categories.

Tian Ebersohn

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Immigration naturalizations in the US highest in a decade

Immigration naturalizations in the US highest in a decade

Naturalizations among immigrants from almost every country have rebounded since the pandemic started.

By Alejandra O’Connell-Domenech 

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2 documents South African expats need to avoid being taxed by SARS

2 documents South African expats need to avoid being taxed by SARS

It is increasingly important that South African ex-pats are aware of the proper tax compliance procedure...

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Does tax residency status impact your ability to receive an SA inheritance?

Does tax residency status impact your ability to receive an SA inheritance?

Expatriates will need to show proof of their non-tax residency and compliancy status.
Victoria Lancefield and Martin Bezuidenhout 

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Living outside SA and receiving an inheritance? This is what you should know

Living outside SA and receiving an inheritance? This is what you should know

The receipt of an inheritance from South Africa requires the expatriation of funds from a South African bank account, and the applicable Authorised Dealer (South African bank) needs to be certain of the beneficiary’s tax status to adhere to exchange control rules and regulations.

Jonty Leon and Reinert van Rensburg

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Tax emigration: Definitions of resident and non-resident are &#8216;misaligned&#8217;

Tax emigration: Definitions of resident and non-resident are ‘misaligned’

The formal emigration process through the Reserve Bank was scrapped without National Treasury fully understanding the consequences, says a specialist in the field.

Amanda Visser

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What are the tax implications of remote working... across the border?

What are the tax implications of remote working... across the border?

 Despite the lockdown rules being relaxed in most jurisdictions, it appears that employers should not expect the workplace to return to the way it was before the pandemic.

Aneria Bouwer

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The views and opinions expressed in articles/ links are those of the authors and do not necessarily reflect the official policy or position of Caleo Capital. The information provided on this page does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available are for general informational purposes only.

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