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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

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If you have been told that leaving South Africa for 330 days automatically ends your tax residency, think again.

Spending a certain number of days outside South Africa or relying on a double taxation agreement does not automatically change your tax residency. SARS treats tax residency as an ongoing assessment, so your South African tax residency status must be formally reviewed and confirmed.

Click the link to review and formalise your South African tax residency: Non-Resident Confirmation Letter: https://bit.ly/43S810W

Topics covered:

00:00 – Being outside South Africa for 330 days ≠ automatic non-residency.

00:56 – Ceasing residency requires a formal SARS application.

02:56 – How the physical presence test is often misunderstood.

04:36 – Residency is assessed annually, and simply leaving South Africa does not end it.

06:38 – A SARS non-resident confirmation letter stating the qualifying basis is essential; without it, you remain a resident.07:31 – Do not self-assess; SARS verification with expert guidance ensures correct filing.

#TaxResidency #SARSCompliance #ExpatTaxTips

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South Africans are facing a hidden tax increase known as bracket creep, where rising salaries push earners into higher tax brackets because the tax tables have not been adjusted for inflation.

In this Moneyweb Now interview, Tanya Tosen, Tax and Remuneration Specialist at Tax Consulting South Africa, explains how SARS is projected to collect an additional R19.5 billion this year (R18 billion from income tax and R1.5 billion from medical aid tax credits) without changing the official tax rates.

Key Highlights

What bracket creep is and why unadjusted tax tables create it

How higher salary increases can push you into a higher tax bracket

The impact on take-home pay and cost of living

Why both employees and freelancers must monitor their own tax compliance]


#SARS #BracketCreep #IncomeTax

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