Description
South African Tax Emigration involves changing an individual’s or entity’s tax status from resident to non-resident with the South African Revenue Service (SARS). A South African tax resident is subject to paying tax on their worldwide income to SARS. Once an individual or entity achieves non-residency status, they are only liable for tax to SARS on income sourced within South Africa. To become a non-resident, one must meet specific criteria regarding physical presence and ties to South Africa. Complying with tax regulations in the new country of residence is crucial, as it determines the individual’s or entity’s tax obligations in that jurisdiction. Ensuring compliance with both South African exit tax requirements and the tax laws of the new country helps avoid double taxation and legal complications.