With less than six months to go, expats are scrambling to understand the implications of the amendment to section 10(1)(o)(ii) of the Income Tax Act.
Tag - financial emigration
There is a lot of misinformation circulating in the South African expatriate community, perpetuated by service providers using scare tactics and promoting what will benefit them over what is best for expats at large. Here are some facts.
If you wish to leave the country permanently, financial emigration is usually recommended. If you don't emigrate financially, you remain subject to the same tax laws and financial regulations as people living in the country.