In 2017 the National Treasury and SARS announced that they would be introducing major changes in the tax exemption on South African expatriates. According to Claudia Aires Apicella, head of Financial Emigration at Tax Consulting SA, the legislative amendment is set to come into effect on 1 March 2020. It states that South African tax..
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South Africa’s big expat tax is coming – major changes to be introduced in tax exemption on South African expatriates
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Notes on Financial emigration: SARS and small expatriate fish
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Emigrating from South Africa is not as simple as packing up your bags, jumping on a plane and setting up shop somewhere else.
Unfortunately, there is still the issue of tax and no matter where you go, the taxman remains interested.
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What you need to know about a tax-free savings income.
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The allowance means that the first £1,000 interest on savings income for basic rate taxpayers (taxable income up to £33,500) is tax-free. For higher-rate taxpayers (taxable income up to £150,000) the PSA is £500. Anyone earning over £150,000 does not benefit from the new PSA. In addition, any taxpayers whose total taxable income is less..
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