MJ Minter

How to avoid SARS clamp-down on expat income

Written on 01/21/2019
MJ Minter & Co

The below is an extract from an article with the same title written for Fin24.com - for link to article, please click here 

"A legislative amendment to SA expatriate tax law is set to come into effect on 1 March 2020, and to avoid criminal prosecution, South Africans working abroad can opt for "financial emigration", suggests Claudia Aires Apicella, head of financial emigration at Tax Consulting SA. She explains that financial emigration is a process provided for by the SA Reserve Bank (SARB) to change one's tax status from "resident" to "non-resident"."