Offshore tax planning options for a SA tax resident

Overview

Many South African residents want to make use of tax planning options to minimize their South African tax consequences.  Proper structuring is necessary to ensure that the most efficient options are made use of. If not, taxpayers might be faced with problems and unexpected tax consequences in future.  Structuring should not only take the current tax savings and benefits into account when structuring, but also the future tax that could arise in subsequent periods.  A holistic and long-term perspective is important in choosing the best tax planning option.

The third webinar in this series of three webinars will be taking place on 8 July 2020.  This webinar will focus on explaining the Mauritian residency and tax system as a viable location for South Africans to take up tax residency and operate a business or profession. This webinar will deal with the following-

• The various options available to take up residency by living and working in Mauritius
• Overview of the Mauritian tax system for an expatriate SA person that moves his tax residency to Mauritius
• Various tax and estate planning options in Mauritius for the individual, trusts and companies resident in Mauritius
• Explaining the concept of forced heirship rules that apply to a Mauritian domiciled person
• Identifying where Mauritius is very attractive and in what circumstances it is less attractive
• Highlighting Mauritian tax holidays and incentives offered
• Living in Mauritius: Benefits and challenges of living, working, children’s schooling, shopping, law and order, owning property and general lifestyle in Mauritius
• Briefly touching on Dubai, Singapore and Malta as likely alternative jurisdictions that are tax friendly

Presenter

Mark Andrew Korten (B.Comm. LLB. H.Dip Tax)

Mark Korten was admitted as an attorney of the High Court of South Africa in the Division of the Northern Provinces in 1996. He practised as a commercial and tax partner at various South African law firms for 13 years before moving to Mauritius where for the last 10 years he has acted as an independent legal advisor on financial, tax and commercial issues relating to cross border transactions in sub Saharan Africa with a focus on South Africa and Mauritius, and concentrating on the African and European focussed activities related to licensed fund management, international investment, labour broking, immoveable property investment and management, and construction activities. Mark was the second foreign lawyer to be registered in Mauritius in 2010 when he was a consultant to the Eversheds, being the first foreign law firm to be registered in Mauritius.

CPD

This event and successful completion of the online assessment will secure 2 hours verifiable output Tax CPD points.

Event Pricing:

This webinar does not form part of any CPD subscription package.

Other member: R575.00

Company Price: R950.00

Payments & Cancellations

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  • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.

  • If the cancellation occurs less than 4 working days prior to the event a 100% cancellation fee will apply.

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