Are you a South African expat planning to access your retirement funds? Watch this @MoneywebHoldings interview before you make your next move.

Retirement and Pension Fund Specialist Shuanita de Wet from Tax Consulting SA explains the game-changing SARS directive that came into effect on 11 April 2025. With "emigration withdrawal" now phased out, expats must comply with the new “cessation of residency” process—or risk delays, rejections, and tax exposure.

Topics Covered:

00:45 – Why SARS replaced “emigration withdrawal” with “cessation of residency”
02:04 – New tax directive process and what changes on 11 April 2025
03:30 – Which retirement funds and annuities are affected
04:56 – Risks of non-compliance and SARS’s use of AI for enforcement
06:35 – How to stay compliant: the role of tax diagnostics and professional advice

Visit Tax Consulting South Africa for more guidance and expert insights: https://bit.ly/4jAU9xs

#SARS #TaxDirectives #SouthAfricanExpats #RetirementFunds #TaxResidency #FinancialPlanning #TaxCompliance #ExpatTax #TaxConsultingSA #SAfm #ShuanitaDeWet #SouthAfricaFinance #CrossBorderTax #Emigration

In this interview with Radio 786, Jashwin Baijoo (Associate Director and Head of Strategic Engagement and Compliance) at Tax Consulting South Africa, unpacks SARS’ record R2.3 trillion revenue collection.

Key topics include:

- How SARS' modernisation strategy, driven by AI and automation, has improved efficiency.
- The role of the Compliance Programme in identifying and acting on deliberate non-compliance.
- The VAT increase, and how SARS is protecting against revenue leakage through audits and verification.
- Relief mechanisms available for financially distressed taxpayers.
- Why enhanced collection capabilities may be more effective than blanket tax hikes.

For more information, read the full article: https://bit.ly/3Y0dgZv

#SARS #TaxCompliance #SouthAfricanTax #RevenueCollection #VAT #Radio786 #TaxConsulting

South African exchange control regulations have become stricter, especially for high-net-worth individuals (HNWI) and expats moving large sums abroad. In this episode, Richan Schwellnus (Tax Attorney and General Tax Practitioner) and Michelle Phillips (Tax Attorney) provide clear guidance on how to approach international transfers in line with SARS and Reserve Bank requirements.

Topics:

00:00 – Why exchange control compliance matters now more than ever
03:07 – What is Financial Emigration and its impact on your banking
04:04 – Understanding AIT (Approval for International Transfer) and what SARS looks for
06:11 – How long does it take to get approval to move funds offshore?

Subscribe for more expert insight, comment with your questions, share this episode with your network, and visit our website for tailored guidance on exchange control and tax compliance. https://bit.ly/4iT5eKb

#ExchangeControl #FinancialEmigration #TaxResidency #AITApproval #HighNetWorth #SouthAfricanExpats #OffshoreFunds #SARSCompliance #CrossBorderTax #TaxConsulting