Deadline missed, now what?

It’s official. Formal emigration as we know it, has come to an end as of 28 February 2021, what now? On the 15th of January 2021, the President assented to the Taxation Laws Amendment Act No. 23 of 2020 (“TLAA”), which was subsequently promulgated on 20 January 2021. From the

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What tax rules apply upon early withdrawal of retirement annuities during Formal Emigration?

Once a South African citizen has emigrated from the Republic of South Africa, and that emigration is formally recognised by the South African Reserve Bank (SARB) for purposes of exchange control, they are eligible to apply for the early withdrawal of their retirement annuities. 
But what are the financial implications that South African expats face when they cash in their annuity early? 

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The implications of the tax law amendment and what to do next?

Tax law amendment The 2020 Draft Taxation Laws Amendment will change the way we view formal emigration. This tax law amendment has a ripple-effect on South Africans who plan to leave the country, as well as expats whose emigration has not yet been finalised. What does the new tax law

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Formal Emigration

Your neighbour, your cousin, a high-school friend or even your hairdresser…. We all know someone who has, or is in the process of, emigrating.  And if you are reading this article, chances are that you are busy doing your homework and trying to find answers to some of those pesky

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