Practical Guidance: Tax Returns for South Africans Working Abroad
Duration: 2 hours
Price: R195.00
Practical Guidance: Tax Returns for South Africans Working Abroad
Presenters : Hugo van Zyl , Mathys Briers-Louw
Overview
Filing tax returns for expats is a nightmare. In the year (2024) of tax emigration, SARS issues 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 workarounds and manage the unfair and unnecessary verification processes.
In this video, experts Hugo van Zyl and Mathys Briers-Louw take participants through the technical and practical elements of filing returns for expats and the troubleshooting options available to tax practitioners.
Video Content
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Tax returns for tax-emigrated expats working abroad.
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Tax returns for expats claiming foreign earned income exemptions (FEIE):
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The 183/+60-day exemption capped at R1.25m (IT 16 Issue 4).
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The uncapped FEIE - seafarers (IT34) and onboard crew (DTA).
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Tax return in the year an expat departs and awaits a TRC from a new tax home country.
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AIT - the difference between treaty non-resident and no longer ordinarily resident application.
Competencies Developed
After watching this video, you will:
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Understand tax law in respect of persons permanently or temporarily abroad.
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Understand the SARS requirement to file based on gross income and thereafter claim deductions and exemptions.
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Apply and interpret tax treaties.
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Recognize the value and shortcomings of Interpretation Notes - they can never replace tax law.
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Prepare supporting documents that SARS will call for.