Authors: Jonty Leon, Attorney and Financial Emigration Legal Manager and Claudia Aires
Financial Emigration Manager at Financial Emigration
When it comes to choosing financial emigration (FE) or a Double Taxation Agreement (DTA), expatriates must understand that there can never be a one size fits all approach. FE requires certain criteria to be met before one can undergo the process, while a DTA will only be suitable for certain individuals.
Unfortunately, there is a lot of misinformation circulating in the South African expatriate community, perpetuated by service providers using scare tactics and promoting that which will benefit them over what is best for expats at large.
Therefore, it is cardinal that South Africans abroad, whatever their decision, should thoroughly get to know the tax law that currently affects them and will affect them more so once the tax law amendment becomes effective on 1 March 2020.
Advantages of Financial Emigration
Disadvantages of Financial Emigration
Advantages Double Taxation Agreement
Disadvantages Double Taxation Agreement
What Is Best?
Each client is different, and their specific circumstances must be considered when choosing the best legal avenue to go down. Everyone will firstly need to see if they fit the requirements of the options available, and if they do, they will need to weigh up the pros and cons of each.
Either way, you can be protected, the new expatriate tax law does not have to be the straw that breaks the camel’s back.
MEDIA CONTACT: Idéle Prinsloo, 082 573 9219, firstname.lastname@example.org, www.atthatpoint.co.za
For more information on Tax Consulting please visit http://www.financialemigration.co.za
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