The Tax Consulting Podcast
Welcome to the Tax Consulting Podcast, your trusted source for expert insights into South African tax matters.
Featuring a range of specialists from various departments across Tax Consulting South Africa, including legal, tax, and accounting professionals, each episode offers in-depth discussions on key topics such as expatriate tax, tax residency, SARS updates, compliance strategies, and more.
Whether you are an affluent individual, expatriate, or business, our podcast provides the knowledge and guidance needed to confidently manage your tax obligations, mitigate risks, and maximise opportunities.
The Tax Consulting Podcast
Stop SARS From Taxing Your Foreign Income & Pensions
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Many assume that simply relocating makes them a non-resident for South African tax purposes, but this is not the case.
The South African Revenue Service (“SARS”) requires a formal process to cease tax residency, and confusion around the three-year rule, five-year rule, and day-count tests can result in costly penalties.
Take control of your tax status and protect your foreign income. By formally ending your South African tax residency and using backdated applications, if necessary, you can prevent penalties, remain compliant, and safeguard the income you earn abroad.
Click the link to learn how to correctly cease your South African tax residency: https://bit.ly/4rDr5tW
Topics Discussed:
00:00 – Intro
01:17 – Importance of Knowing Your Tax Status
03:17 – Distinction Between Non-Residency and Deregistration
06:07 – Ceasing Tax Residency: Myths Debunked
10:02 – Steps towards correcting past non-compliance through backdated financial emigration.
12:27 – Importance of Timely Action and Offshore Assets
17:02 – Third-Party Reporting and Global Information Exchange
#CeaseTaxResidency #SATaxResidencyRules #HiddenTaxRisks