South African ex-pats who want to alleviate the possibility of double tax must consider the application of two fundamental documents.
It is increasingly important that South African ex-pats are aware of the proper tax compliance procedure amid digital platforms creating misinformation, says Lovemore Ndlovu, a South African Reserve Bank and South African Revenue Service complaint manager for Tax Consulting SA.
According to Ndlovu, this letter does not expire; thus, it is issued with no expiry date, meaning it can be used indefinitely – or at least until such time that one becomes or chooses to become a tax resident again.According to Ndlovu, expatriate taxpayers must undergo the SARS legal processes and obtain both letters to remain fully exempt from paying taxes on their foreign earned income.
Upon becoming a non-tax resident , one will be required to have their bank accounts statuses converted to ‘non-resident’ in order to be able to receive the withdrawal proceeds and transfer them abroad, noted Ndlovu. A further shift has been noted where SARS now requires the SARS Non-Resident Tax Status Confirmation Letter for their processing of tax directives for withdrawal of policies by non-tax resident expatriates, said Ndlovu.
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