Solving the Expat Tax Conundrum: Cease Tax Residency – The New Process Post-Formal Emigration (Part 2) - 2021
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Solving the Expat Tax Conundrum: Cease Tax Residency – The New Process Post-Formal Emigration (Part 2) - 2021

CPD Hours: 2

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Solving the Expat Tax Conundrum: Cease Tax Residency – The New Process Post-Formal Emigration (Part 2) - 2021

Presenters : Hugo van Zyl

This webinar on demand is part of a series of webinars. Click here to read more


Overview

The expat tax conundrum facing all South African ID book or smart cardholders is debugged in this three-part series aimed at the South African expat, tax non-resident and their tax and financial advisers. Expats (being South Africans and individuals in possession of a South African ID document not living in the country) are left confused. Home affairs cancelled their passports, the South African Reserve Bank (SARB) blocked their right to transfer ZA Rands (ZAR) abroad and the South African Revenue Service (SARS) threatens them with common reporting standards (CRS) and expat tax.

Cease Tax Residency – The New Process Post-Formal Emigration (Part 2)

    • Pre-emigration planning and options:
      • Should I retain my South African trust or ask the family to remove me?
    • Ordinarily resident test vs. tax treaty:
      • The risk of tax treaty-based position.
      • May I visit South Africa in the next five years?
    • How and when should I notify SARS, SARB and my bankers:
      • Should I bother notifying the bankers?
    • How and when can I encash my retirement funds?
    • ITR12 filing for the non-resident taxpayer.
    • Collation of the supporting documentation.
    • Exit tax – section 9H calculations.
    • Post-tax emigration – what now? SARS vs SARB.
    • Capital gains tax on a future disposal of South African situs assets.
    • My estate duty exposure on SA situs assets vs worldwide assets:
      • Death duty treaties, USA, and UK.

Who should attend?

Tax advisors, financial planners, tax lawyers, persons interested in emigrating, persons who have family who have emigrated.

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