Processes and Treaty Considerations

Overview

#Tax2020 is effective as of 1 March 2020, leaving us very little time to communicate, consider and plan for the anticipated tax impact. As of South African tax year 2021, expats will be facing an additional tax on their now tax-exempt foreign earned income, yet their tax year 2020 and 2019 ITR12 returns may need special care and attention.

This two-hour webinar will attempt to explore practical issues facing expats and their South African tax advisors, the new SARS rules, and more importantly, specific double tax treaty rules. Focus areas will include the issues facing tax practitioners who assist clients, and we will briefly touch on the issues facing employers of expat employees.

The webinar will not only attempt to unpack the Act as it was promulgated in December 2017 (effective as of 1 March 2020), but will also attempt to provide practical examples on a country-by-country basis. The presenters will also provide guidance on the process of financial or formal emigration, and the steps to be taken prior to filing with SARB and SARS.

We invite attendees to forward their specific questions and practical issues to taxmigration@taxforum.co.za no later than close of business on Monday, 18 November.

Course Content

• Why is it important to communicate the changes and impact with your expat clients?
• The exit tax and other tax consequences, i.e., estate duty and the need to amend the client’s will or draft a second will
• Tax resident vs tax non-resident: How this is achieved for taxpayers residing in and availing to tax treaties between South Africa and:
  • United States of America
  • United Kingdom
  • Spain
  • United Arab Emirates
  • Qatar
  • Saudi Arabia
  • Singapore
  • Hong Kong
• The role of tax residency certificates, certificates of residence and/or domicile certificates
• How do we deal with clients employed in countries where there is no tax treaty in place?
• How to manage tax credits – treaty rules vs section 6quat rules
• Once tax non-resident, what next? FICA and CRS impact
• Can we now ask SARS to close the tax number?
• The SARB FinSurve (exchange control) rules in respect of foreign earned income held abroad or remitted into or out of South Africa

Presenter

Hugo van Zyl

CA (SA) TEP MTP(SA) MCom (Tax)

Hugo van Zyl is a Chartered Accountant and Master Tax Practitioner who is passionately committed to clients facing tax challenges. He is keen to assist either the resident or migrated taxpayer, his trusted accountant, auditor, his tax lawyer or the trustee of the family office or trust. Since qualifying and joining SAICA as CA(SA) some 30 odd years ago, Hugo joined SAIT as Master Tax Practitioner and STEP as Trust and Estate Practitioner. Since 1994 his focus has been on migrant taxpayers, be it the returning exiles, or those departing for Perth, London, New York, Tel Aviv or Buenos Aires and Los Angeles. He is therefore closely involved in #Tax2020 facing expats and succession and estate planning for diasporic families.

CPD

This webinar and successful completion of the online assessment will secure 2 hours verifiable output TAXCPD points/units.

Event Investment

Free for all to 2019 CPD subscribers. (Not yet a subscriber? Please click here for more information).

Non-member: R475.00

Company Price: R950.00

Please note the company price applies whenever more than one person will be watching a webinar concurrently from one connection, e.g. if a group is watching the webinar together in a boardroom

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