Tax residency and financial emigration 2024

Price:
R486.45 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Jeanmari van der Schyff
Duration:
150 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline


For many South Africans, the prospects of employment, education, and life abroad seem to be an attracting force that is increasing in  strength every day.

Understanding the tax implications of changing residency and the difference between legal and tax residency is crucial, yet often  overlooked, by many residents.

Recent changes to the formal emigration process between SARS and the Reserve Bank have significantly impacted tax residency status, leading to a surge in questions and concerns.

This session will address matters including, but not limited to, the following

  • Rules governing residency for Income tax purposes
  • How to determine whether you are a tax resident and when  such residency would cease
  • Tax implications of becoming or ceasing to be a resident
  • Legal vs. tax residency
  • Changes in the formal emigration process
  • Exchange control implications of ceasing to be a resident
  • Rules governing the taxation of South African-sourced income for non-residents