South African Seafarers and Yachties Know your tax obligations

NEWS | SOUTH AFRICAN SEAFARERS AND YACHTIES: KNOW YOUR TAX OBLIGATIONS

As most know by now, SARS is grappling to increase revenue for their coffers, looking to South Africans who earn foreign income to subsidise the deficit. With all the uncertainty around the change in the foreign employment income exemption, which is coming into effect as of 1 March 2020, more and more people are wanting […]

NEWS | SEAFARERS TO BENEFIT FROM CHANGES TO THE SCHENGEN VISA

Effective from 02 February 2020, various changes to the Schengen Visa will come into effect as approved by the European Commission in June 2019.

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NEWS | SOUTH AFRICA’S NEW EXPAT TAX ‘A SCARE TACTIC – EXPERT’

Thousands of South Africans will be impacted by new amendments to the Income Tax Act which will come into effect from 1 March 2020, says Nicolas Botha, a senior financial emigration specialist at Tax Consulting SA.

NEWS | EXPAT TAX: COUNTDOWN TO IMPLEMENTATION KICKS OFF

An amendment to the Income Tax Act will bring considerable change to the expat landscape as from March 1, 2020. Jean du Toit and Jonty Leon are the technical editors of the publication “Expatriate Tax – South African Citizens Working Abroad and Foreigners in South Africa”.

NEWS | WILL SARS FIND ME?

As a result of the amendment to the foreign income exemption, in the Income Tax Act, many South African seafarers and yacht crew are sailing close to the wind, often in an effort to find a means and reasons not to pay taxes in South Africa. One of the many reasons used by South African […]

Comprehensive Guide Now Available to Address Expat Tax

NEWS | COMPREHENSIVE GUIDE NOW AVAILABLE TO ADDRESS EXPAT TAX

With the effective date drawing closer, South African expatriates and their employers have little time to come to grips with the looming “expat tax” and how it will affect them when it comes into effect on 1 March 2020. Those who fail to understand this tax amendment that will bring considerable change to the South […]

NEWS | SEAFARERS MOST FREQUENTLY ASKED QUESTIONS

Recently SAPeople asked the experts in their fields to answer South Africans’ seafarer questions about working on super yachts, to ensure you got the best answers to your queries.

NEWS | SAFFA SEAFARERS & YACHT CREW REGISTERING FOR TAX IS ESSENTIAL

With all the uncertainty around the change in the foreign employment exemption taking effect from 1 March 2020, more and more people are realising that they need to take care of their taxes more diligently.

NEWS | SEAFARER TAX: PART TWO

As published in the files folder of the SAFFA Facebook group are the various SARS interpretation notes related to the SA tax act that governs how you are taxed on any forms of income made.

NEWS | SEAFARER TAX: PART ONE

As published in the files folder of the SAFFA Facebook group are the various SARS interpretation notes related to the SA tax act that governs how you are taxed on any forms of income made. For now we will concentrate on remuneration in the form of salaries earned as an employee on a vessel. Note […]