WEBINAR IN COLLABORATION WITH
FREE WEBINAR • 26 September 2024 • 10:00 SA TIME • 1 CPD POINT
Ceasing of South African Tax Residency
A Back-to-Basics Approach
Are you aware of the correct options available to your expatriate clients? It is crucial to understand that tax residency in South Africa is not based on fiscal convenience or your client’s individual perception of their tax residency status. Instead, it is determined by their specific facts and circumstances, which form the basis for notifying SARS that their status has changed.
SARS will verify this change through relevant supporting documents before formalizing it by issuing your client a Notice of Non-Resident Tax Status confirmation letter. This letter stipulates that SARS must be notified of any subsequent change to your client’s tax residency status or registered particulars.
This webinar aims to provide a foundational understanding of the cessation of South African tax residency. It will guide attendees through the essential steps and requirements for formally notifying the South African Revenue Service (SARS) of a change in their client’s tax residency status.
Key topics that will be covered:
- What’s changed in SA Expat Tax.
- Tax residency planning: financial emigration vs DTA vs Section 10(1)(o)(ii).
- The debate on tax residency certificates: do you really need it?
- The dangers of the “tick the box” approach on your tax return.
- The 3 year “Lock-up” rule and withdrawal of retirement funds.
- Understanding the new banking regulations post 1 March 2022.
- Untangling Tax Compliance (TCS PIN) system when moving money offshore.
- Money remittance strategies, AIT applications and forex best practice.
Who Should Attend:
- Tax Practitioners and Tax Consultants
- Financial Planners and Advisors
- Wealth Managers
- Business Compliance Officers
- Accountants with clients wanting to relocate
- Emigration Consultants and Advisors
- Attorneys specialising in emigration and tax law
REGISTRATION IS OPEN
Don’t miss this opportunity to equip yourself with essential knowledge and practical steps for managing the cessation of South African tax residency.
#TaxResidency #Emigration #TaxPlanning #ResidencyStatus #GlobalMobility #TaxCompliance
EVENT STARTS IN:
MEET THE PRESENTERS
Mbalenhle Mahlaba
Expatriate Tax Consultant at Tax Consulting SA
Mbalenhle Mahlaba is a distinguished legal professional with a dual academic background, holding a Bachelor of Laws (LLB) degree as well as a Bachelor of Commerce in Law (B.Com Law). With an unwavering passion for international tax law, Mbalenhle specialises in outbound emigration and expatriate tax. Mbalenhle has laid a solid foundation in legal studies, equipping herself with a comprehensive understanding of the legal intricacies that surround international law and tax matters. Her expertise extends to providing strategic advice to clients, ensuring a seamless transition through the intricate web of tax regulations associated with financial emigration and cessation of tax residency.
Delano Abdoll
Admitted Attorney, BA (Law), LLB, LLM at Tax Consulting SA
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.