We are pleased to announce that Tax Consulting South Africa’s Jonty Leon (Co-Author of LexisNexis Expatriate Tax textbook) will again be presenting on #ExpatTax2020.
The first ‘expat tax’ provisional payment is due in August 2020 and many South Africans abroad have reached out to us with the need for deeper and more practical insights regarding; a) the expatriate law change; b) how one may be affected by the change in legislation; c) proactive steps that can be taken to remain complaint and reduce one’s tax liability in South Africa; and d) how to be prepared for the first provisional tax payment due in August 2020.
KEY AREAS OF THE WEBINAR
• Tax Protection Strategy: Fundamentals of international tax vs. South African tax;
• Expat Tax Law History: The history and the primary motivations that were not widely reported for the expat tax law change;
• Parliamentary Submission: The submission to Parliament in 2017 on behalf of South Africa expatriates and why the R1m exemption was allowed;
• Financial Emigration: when is this viable and when not, criticism and opportunity;
• South Africa / Double Tax Agreement: when is this viable and when not, risks and opportunity;
• Planning Considerations: Strategy for where Financial Emigration and / or Double Tax Agreement relief is not possible;
COMMON QUESTIONS ADDRESSED IN THE WEBINAR
1. When is Double Taxation Agreement relief possible/not possible?
2. How will I be impacted if I decide to retire in South Africa?
3. What taxes need to be paid on rental income you are earning from property in South Africa?
4. Will Financial Emigration break my tax residence and what are the consequences of a “failed emigration”?
5. Will a living allowance be considered as a fringe benefit?
6. How will SARS ever find me?