TAX RESIDENCY

Financial Emigration remains the only SARS process used by many South Africans abroad to cease their tax residency of South Africa. The process has changed slightly from 1 March 2021 and it is important to familiarise yourself with the new requirements.

ABOUT US

OUR BACKGROUND

Tax Residency, a division of Tax Consulting South Africa, offers a bespoke service to individuals wishing to terminate their tax residency status with the South African Revenue Service (“SARS”). We have more than 17 years of experience across a number of different fields allowing us to offer expert advice across the board, while maintaining high levels of service excellence. This uniquely enables us to facilitate your complete financial emigration as well as the recovery of any retirement funds, such as pension funds or retirement annuities.

Undergoing the Financial Emigration process, proves one’s intention to permanently reside outside of South Africa which coincides with South African tax residency tests – thus the formalisation of both exchange control and tax residency statuses being noted as “non-resident”.

7 REASONS WHY YOU NEED US FOR YOUR FINANCIAL EMIGRATION PROCESS FROM SOUTH AFRICA

WHY US FOR FINANCIAL EMIGRATION?

Tax Residency is part of the Tax Consulting South Africa group of companies which has been in existence for 17 years and are widely acknowledged as the market leaders in Expatriate Tax. The group was entrusted by Barry Pretorius and South African expats worldwide to represent the Expatriate Petition Group (“EPG”) in parliament to fight the law change, which resulted in the R1.25mil exemption, and also authored the LexisNexis’ first of its kind Expatriate Tax textbook released late year.

Our multidisciplinary team of more than 130 professionals including Tax Attorneys, Tax Practitioners, Chartered Accountants (SA) and Emigration specialists, will take over the entire FE application process on your behalf. This gives you peace of mind that the administratively burdensome and somewhat complex process is handled end-to-end, where we deal closely with SARS, ensuring full compliance with all legislation.