Resources On-Demand

Expat Tax 2022: Risks, Pros and Cons of Tax Number Deregistration

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

Overview

In recording 3, Hugo van Zyl will consider the pros and cons of retaining or deregistration of the South African Revenue Service (SARS) tax number, not only from SARS perspective, but also addressing the South African Reserve Bank, Master of the High Court and Deeds Office consequences.

During thie recording, we considered the estate duty consequences of a person no longer an ordinary tax resident vs a taxpayer deemed non-resident because of treaty tiebreaker. In this session, Hugo addressed estate planning by tax emigrants to ensure their South African situ assets are dealt with correctly and efficiently.

Competencies developed in this CPD

After attending this recorded-series, you will be:

• Informed about exchange control with a general understanding of the current rules.
• Able to advise clients on loop rules and the risk factors.
• Updated on exchange control as applicable to persons having changed from resident to non-resident status.
• Understand the Trust Property Control Act and the impact on beneficiaries no longer a tax or exchange control resident.
• Competent to apply the tax filing obligation of a non-resident taxpayer in terms of the Tax Administration Act.
• Able to advise clients on the tax filing obligations of a tax non-resident.