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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 CLOSED

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:

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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.

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Piet Nel

CA (SA) Specialising in taxation

Piet Nel is a CA (SA) who specializes in taxation. He was previously the Project Director of professional development (tax) at SAICA, and the project director for tax at SAICA.  Before joining SAICA again, he was involved in tax consulting and tax dispute resolution. 

He is an accounting member of the Tax Court, second term. He is a visiting adjunct professor at Wits and was previously a lecturer in tax at the University of Pretoria to students doing a Master’s degree and at UNISA at postgraduate level.

He was a member of SAICA’s national tax committee and is still quite active in the development of tax legislation in South Africa by commenting on proposed legislation. Over a period of more than three decades, he presented numerous tax seminars and workshops to tax practitioners.

He regularly speaks on radio and TV and publishes tax related articles.He is involved, as a member of the SAICA’s Examination Committee, in setting the examination to test initial competence for prospective CA (SAs).

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Sophia Steyn

experienced attorney and legal advisor

Sophia Steyn is an experienced attorney and legal advisor with a strong background in will drafting, trust administration, and estate administration. With nine years of legal practice experience, including owning and managing her own practice, Sophia brings valuable management skills and a client-focused approach to her work. Currently serving as a Fiduciary Legal Advisor for Tax Consulting SA and Africorp Solutions, she specializes in drafting wills, establishing trusts, administering estates, and managing important legal documents. Sophia’s expertise, professionalism, and commitment to exceptional client service make her a trusted legal advisor in her field.

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Jerry Botha

Managing Partner
at Tax Consulting SA

Jerry Botha commenced his tax career in United Kingdom / United States Tax and served articles at McCorkindale & Holton’s London office. After being with the Big-4 accounting firms, in 2005 he started his own niche tax practice.

Tax Consulting South Africa has grown over the years to the largest independent tax practice in South Africa, which specialises in the most complex areas of tax planning and compliance. The firm is SARS recognised as a top 6 tax practice and a leading advisor to large multinational corporates, globally mobile individuals, high net worth professionals and families; but also fellow professionals on complex areas of South African and international tax.

Tax Consulting South Africa authored LexisNexis’ “Expatriate Tax” textbook, as critically acclaimed by the esteemed Judge Dennis Davis. The textbook is now in its 2nd edition.

Jerry enjoys a collaborative approach with fellow professionals, continuous professional development, commenting on legal development and growing the next generation of professionals.

 

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Darren Britz

Partner and Head of Tax Legal
at Tax Consulting SA

Darren Britz is a Partner and the Head of Tax Legal at Tax Consulting SA. He is an admitted attorney of the High Court of South Africa, specializing in South African tax with a focus on cross-border tax advisory and implementation for multi-national companies and high-net worth individuals.

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Catherine Fourie

HEAD OF CPD CONSORTIUM

Catherine is a Chartered Accountant (CA(SA)) and tax practitioner who completed her articles at Deloitte in 2003. After three secondments to the United States of America and Canada, she rejoined Deloitte as audit manager for four years, whereafter she has been a lecturer on the BCom Accounting programme with the Nelson Mandela University for 15 years until early 2024. Her main subjects were Taxation, Auditing and Ethics and Corporate Governance, as well as lecturing on the MCom (Taxation) program. She has a deep passion for teaching to which she has dedicated most of her professional career, especially fundamental principles. She implemented innovative learning and teaching practices, both online and hybrid/flexible; always ensuring impactful learning. As a member of the SAICA Digital Acumen Working Group she has always been passionate about innovation and resilience, which are both essential for the sustainability and growth of the modern professional. With the many students which have been through her lectures, she is excited to now bring digital innovation to the upskilling of professionals who work in the ever-changing landscape of tax and accounting. Her approach and style is one of ensuring a sound technical base, from where she quickly makes tax and accounting highly practical and relevant; delivering immediate value for anyone attending her training sessions.

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Sidney Fletcher

Senior Manager of Trust and Deceased Estate Compliance at Tax Consulting SA

Sidney is a versatile and results-driven qualified Senior Tax Practitioner. He has more than 20 years of experience working for SARS and was responsible for Taxpayer Education for a big part of that period. He is a dedicated professional with extensive knowledge and his affinity for Individual Taxes makes him an excellent tax planner and skilled at tax optimisation. Committed to the best care for clients through transparent communication. Skilled in negotiation with a strong ability to problem solve to assist clients with tax problems.

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Roxshanna du Toit

Independent Trust and Fiduciary Services Expert & CPD Project Coordinator

Roxshanna is a seasoned tax professional and was until February 2024 the Head of Tax, Standard Trust Limited. As one of the market’s largest leading fiduciary services providers, she worked daily on complex matters pertaining to tax and accounting for trusts, deceased estates and the commercial and family interests which necessarily comes therewith. She has a BCom (Taxation Honours) and also served as a lead representative for the Banking Association of South Africa (BASA) in providing input to SARS directly as impacts the fiduciary arena. Her interest sphere is streamlined solutions to overcome the administrative and operational challenges of trustees, accountants, tax practitioners and executors. She considers herself as a practical generalist who excels in getting the job done, and she has been involved in untangling, resolving and ensuring compliance of some of the largest and most complex South African and international trusts, estates and family structures. Her decision to start her own practice allows her to expand her professional horizon as well as spend more quality time with her son.