Resources On-Demand

Solving the Expat Tax Conundrum: A Checklist of Considerations when Ceasing to be a Tax Resident (Part 1) - 2021

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.

A Checklist of Considerations when Ceasing to be a Tax Resident (Part 1) – 18 August 2021

The webinar will cover a discussion of the following important aspects to consider:

• • What is the difference between tax emigration clearance (TEC) and a declaration that I ceased to be a tax resident?
  • What pre-verification tax compliance checks will be done?
  • What supporting documentation is required?
  • How will tax treaties impact me?
  • How should unintended non-compliance be addressed and corrected?
  • When will the voluntary disclosure programme (VDP) be the best option to consider and when will and objection be the best course of action?
  • How should I deal with SARS queries?
  • How does the common reporting standard (CRS) obligations impact me and who should be notified when I cease to be a tax resident?
  • How can ZAR be transferred to my new country of residence?
  • What is my estate duty exposure as a non-resident?
  • How should I deal with the remaining South African assets?
    • SA pension fund and living annuity.
    • SA trust assets.
    • How to deal with the trustees.
  • Are there any special Covid-19 rules applicable?

Who should attend?

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