An alternative method of placing non-tax residency on record
Up to recently you could declare your non-tax residency in your tax return (submitted via eFiling) or by requesting a certificate of residence from the South African Revenue Service (“SARS”) by completing a specific form (RAV01). In both instances, the person must be registered for income tax purposes with SARS. In light of the above, […]
We are leaving South Africa – Part 2
In this article, we deal with the consequences in relation to retirement funds when relocating abroad as well as exchange control considerations. Exchange control considerations The concept of emigration as recognised by the South African Reserve Bank (“the Reserve Bank”) was phased out with effect from 1 March 2021 and was replaced by a verification process with […]