Practical Guidance: Tax Returns for South Africans Working Abroad


Date: Jul 11, 2024 - Jul 11, 2024

CPD hours: 2 Hours

Time: 15:00 - 17:00

Event Type: Webinar

Presenter: Hugo van Zyl
CA(SA)
Presenter: Mathys Briers-Louw

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Overview

Filing tax returns for expats can be a nightmare. In the year of tax emigration, SARS should issue two tax assessments taking calculations into account using working days instead of calendar days, as per the relevant interpretation note. However, the eFiling ITR12 does not align with the applicable tax laws.  

Unfortunately, this leads to delays in obtaining a Tax Residence Certificate (TRC), sometimes as long as 3 – 9 months after filing the first tax return. Tax Practitioners are now forced to find work-arounds and manage the unfair and unnecessary verification processes.

In this webinar, experts Hugo van Zyl and Mathys Briers-Louw will take participants through the technical and practical elements of filing returns for expats, and the troubleshooting options that are available to tax practitioners.


Webinar Content

  1. Tax returns for tax emigrated expats working abroad.
  2. Tax returns for expats claiming foreign earned income exemptions (FEIE):
    1. The 183/+60-day exemption capped at R1.25m (IT 16 Issue 4).
    2. The uncapped FEIE - seafarers (IT34) and onboard crew (DTA).
  3. Tax return in the year an expat departs and awaits TRC from a new tax home country.
  4. AIT - the difference between treaty non-resident and no longer ordinarily resident application.

Competencies Developed

  1. Understanding tax law in respect of persons permanently or temporarily abroad.
  2. Understand the SARS requirement to file based on gross income and thereafter claim deductions and exemptions.
  3. Treaty applications and interpretations.
  4. Understanding the value and short fall of Interpretation Notes - they can never replace tax law.
  5.  Preparation of supporting documents SARS will call for.

Presenters

Hugo van Zyl

CA(SA) TEP MTP(SA), Cross-Border and Tax Specialist

Hugo is an experienced trainer, lecturer and "go-to" industry specialist. It comes as no surprise that SARS appointed him to lecture on capital gains tax and worldwide taxation based on residency. In the last six years, he has presented at least once a quarter, for anyone of the many professional bodies he belongs to.

Hugo is internationally known as @Wegkaner (on Twitter), taking special care of South Africans residing outside South Africa, or planning to relocate out of South Africa.

Based in Cape Town, he is proudly South African yet holds a United Emirates Residency permit, because of his UAE registered practice aimed at expats. Hugo's client base is global, includes intermediary firms, local and international financial institutions and often the powers to be at the professional regulatory bodies he belongs to.

Hugo was one of the first advisers able to assist South Africans living abroad, to emigrate and extract their retirement funds from South Africa formally, initially trading as FFI, after that TAXFORUM once upon a time being part of the emigration teams at Maitland, Cashkows (now FinGlobal) in Hermanus, Breytenbach Cross-Border Advisors (Cape Town) and more lately FNB's Fiduciary unit. The First Rand Bank stint was short yet a most exciting journey.

Hugo serves on the SAICA Tax Committees sub-committee dealing with SARB FinSurv (or Exchange Control) matters.

During 2018, providing advisory services using e-meetings and platforms were questioned. Yet, today in the Covid-19 era, Hugo's business model using online platforms became the norm. It is therefore not surprising that most his clients live outside South Africa and his in-depth understanding of the various double tax agreements, often leaves his foreign-based colleagues astounded. In South Africa, his local company provides much needed support and guidance to other small and medium-sized firms.


Mathys Briers-Louw

Mathys is an skillful attorney with both local and international legal academic knowledge. He was admitted as an attorney in 2014, marking the beginning of his successful career in the legal field. His expertise covers cross-border legal matters, exchange control, international money transfers and fiduciary services. Mathys provides top-notch legal services to individuals and businesses navigating the challenges of cross-border transactions.

Membership:

  • Fiduciary Institute of SA (FISA)

Education:

  • BComm Law (Stellenbosch)
  • LLB (Stellenbosch)
  • LLM in Transnational Business Practice (Pacific, McGeorge, USA)

CPD

Attending this webinar and the successful completion of the online assessment will secure a certificate of completion for 2 hours of Tax CPD.


Event Investment

Free for Tax Practitioner, Tax Accountant CPD subscribers and Practice Packages. Not a CPD subscriber yet? Click here to register now.

Regular price: R460.00

SAIT member special discounted rate: R368.00

Group booking discounts available when you register for a group.


Payments and cancellations

  • All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.
  • Kindly note that should payment not be received 2 days after the event, legal action will be taken
  • Proof of payment will be requested at registration, if payment does not reflect on Taxfaculty`s bank account.
  • Only written notice of cancellation will be recognized.
  • Conditions:
    • 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.
  • Delegates who book and fail to attend will be liable for the full event fee.
  • Taxfaculty`s liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
  • Please click here for the full terms and conditions.

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