Emigrations out of South Africa have become increasingly common over recent years. However, physically leaving the country is not quite enough to escape the South African tax-man. In fact, unless SARS specifically approves you becoming a non-resident, they’ll still want to tax you on your worldwide income. Cornerstone can help you through the process of ceasing to be a tax resident of South-Africa in SARS’ eyes, so that you’re only liable for tax to SARS on your South African based income.
How can we help you with this process?
Expert guidance:
As tax experts, our deep knowledge of South African tax laws means we can help guide you through the information SARS requires and handle the actual non-residency application process for you. We will also work with you to resolve any follow-up queries SARS may have.
Shorten the process:
Ceasing tax residency involves submitting various forms and supporting documents to SARS. We’ll ensure that all paperwork is correctly completed and submitted, reducing the risk of errors and delays.
Avoid penalties:
As well as helping you avoid being taxed in two places, we can also help you avoid penalties and fines that may result from neglecting your South African tax returns. We ensure SARS is aware of when you no longer need to submit returns on your overseas income, helping to avoid these financial penalties.
Professional representation:
If there are disputes or queries from SARS during the process, a tax expert can represent you, providing professional responses and communicating on your behalf.
Peace of mind:
By knowing a qualified professional is handling the intricacies of your financial emigration, you can focus on other aspects of your move without the added stress of tax compliance issues.
