Analysis - Leaving South Africa without formally emigrating can lead to tax issues with SARS, even after 10 years.
We left South Africa 10 years ago and eventually ended up in Canada, where we now live. We never officially emigrated. Will this cause problems in years to come?Many people leave SA to work abroad. What was originally an adventure to get some offshore experience often becomes a permanent arrangement. As they did not intend formally emigrating when they initially left the country, they are still registered with the South Africa n Revenue Service .
If you didn't inform the authorities of your intention to live elsewhere, SARS will still regard you as a South African taxpayer, even though you have been in Canada for 10 years. If you are a South African taxpayer, you will be taxed on your worldwide income, regardless of where you live. This is important to bear in mind, especially if there is no double taxation agreement in place between South Africa and the country you are currently residing in.
In the past there was a formal process called financial emigration. This was replaced a couple of years ago with a new concept of being"ordinarily resident". SARS takes various factors into account when it comes to determining if you are ordinarily resident...). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material,, representing a diversity of positions on every topic.
AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 500 news and information items daily from over 100 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC.
News Politics Economy Trade Business Sports Current Events Travel South Africa Southern Africa Economy Business And Finance
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa: How South Africa Is Working to Become a New Global PlayerSouth Africa is not just the strongest industrial nation on the continent, it is also making a name for itself internationally as a diplomatic powerhouse and the voice of the Global South.
Read more »
South Africa: Massive Opposition Grows as South Africa and France Protest TotalEnergies Offshore Oil and Ga...During the week of TotalEnergies' Annual General Meeting (AGM) (to be held today 24 May 2024) and Africa Day, protesters in both South Africa and France continue voicing their collective opposition to the multinationals' ongoing offshore oil and gas projects.
Read more »
South Africa: Who Are South Africa's Presidential Candidates?Nearly 28 million South Africans will head to the polls on May 29 for a much-anticipated general election. These are the main contenders to watch.
Read more »
South Africa: Xenophobic Narratives Surge Ahead of South Africa's ElectionsAs South Africa's general elections on May 29th draw near, anti-immigrant rhetoric is intensifying across social media platforms, according to a new report from the Centre for Analytics and Behavioural Change (CABC).
Read more »
South Africa: Analysis Reveals Polarized Views on South Africa's Electoral ProcessA new report by the Centre for Analytics and Behavioural Change (CABC) sheds light on the polarized online conversation about South Africa's upcoming elections. The report, titled 'Bi-Weekly Social Listening Updates & Recommendations for Electoral Engagement 7,' analyzed over 350,000 mentions between April 16 and April 30, 2024.
Read more »
South Africa: Science Journalism in South Africa - Social Media Is Helping Connect With New ReadersAnalysis - Science journalism is about taking complex academic research and turning it into easy-to-read content that is still accurate. Aside from informing readers through evidence-based journalism, it aims to make the wider public curious about scientific research.
Read more »