Unexpected Tax Relief For Expatriates Stuck In SA

NEWS | UNEXPECTED TAX RELIEF FOR EXPATRIATES “STUCK” IN SOUTH AFRICA

South African expatriates who were unable to leave South Africa on account of the lockdown will be relieved to learn that the requirements of the foreign employment exemption (Section10(1)(o)(ii)) will be relaxed.

Verdict On Retirement Fund Withdrawal Coming Soon

NEWS | VERDICT ON RETIREMENT FUND WITHDRAWAL COMING SOON

The time for South Africans who consider emigrating to learn their fate around their pensions is drawing closer.

NEWS | SOUTH AFRICAN SEAFARERS BREATHE A SIGH OF RELIEF

Employment remuneration earned by South Africans working abroad, prior to March 2020, were fully exempted from South African taxation provided the tax payer spent more than 183 calendar days, of which 60 days are consecutive, outside of the republic over any 12 month period.

Expats Who Deregister To Avoid Tax Will Pay More In The End

NEWS | EXPATS WHO DEREGISTER TO AVOID TAX WILL PAY MORE IN THE END

“Expats who follow shady advice to deregister as taxpayers with SARS will suffer in the long run,” says Jonty Leon, Legal Manager (Expatriate Tax) at Tax Consulting SA.

The Superyacht Industry

NEWS | THE SUPERYACHT INDUSTRY 101: WHAT YOU NEED TO GET THINGS STARTED

IS A CAREER IN YACHTING RIGHT FOR YOU? Long gone are the days of walking the dock, fresh out of school, and landing a job onboard a yacht.

NEWS | COVID-19: SCHENGEN IMMIGRATION UPDATE FOR SEAFARERS AND SUPERYACHT CREW

The COVID-19 pandemic has impacted countries worldwide including the implementation of various measures such as international travel bans and “lockdown” to help curb the spread and flatten the curve. Seafarers and superyacht crew working in Schengen countries have been adversely affected and have not been able to return for work purposes as all business and […]

Must Expatriates Pay Provisional Tax To SARS?

NEWS | MUST EXPATRIATES PAY PROVISIONAL TAX TO SARS?

With the first provisional tax payment being due on 31 August 2020, there is some confusion regarding whether expatriates are deemed to be provisional taxpayers by the South African Revenue Service (SARS) or not.

Seafarers-&-Yachties-Batten-Down-the-Hatches-website

NEWS | SEAFARERS & YACHTIES: BATTEN DOWN THE HATCHES AND PROTECT YOURSELVES FROM SOUTH AFRICAN EXPAT TAX

We have dealt with the financial and tax affairs of hundreds of South African seafarers and yachties over the years, many of which have left South Africa at a young age to begin a burgeoning careers on the high seas or are veterans that are envisaging retirement in South Africa.

South African Expat Tax Seafarers & Yachties at Risk Due to Misinformation

NEWS | SOUTH AFRICAN EXPAT TAX: SEAFARERS & YACHTIES AT RISK DUE TO MISINFORMATION

A made-up story With all kinds of information regarding expatriate tax going around, seafarers and yachties (referred to jointly as seafarers hence forth) have been the ones who have been on the receiving end of the most confusing and contradicting guidance.

Expat Tax 1 March 2020 Private vs Charter Yacht How Are You Affected

NEWS | EXPAT TAX 1 MARCH 2020 PRIVATE VS CHARTER YACHT: HOW ARE YOU AFFECTED?

South African seafarers and yacht crew are of the view that they automatically qualify for the exemption of their foreign employment income earned for their services rendered aboard a ship or yacht.