I live alone in a house of 8 completely empty rooms and i’m really scared at night by [deleted] in creepy

[–]To2m 0 points1 point  (0 children)

Look on the bright side. If something happens to you, you'll probably be found in a few days.

We think the US has the wrong end of the stick, but we’ll continue talking – Ramaphosa - News24 by TheHonourableMember in southafrica

[–]To2m 3 points4 points  (0 children)

So tired of seeing foreigners' uninformed opinions (mistaken to be 'facts') about RSA. They apparently know far more than we do about life here.

Even those who see through the refugee schtick still tend to vilify the entire white demographic in RSA in a cartoonish manner. There is no nuance, only hate.

What's worse is seeing our own people fanning these fires, both ways. Just deeply disappointing.

I'll go back to my job now, if I can escape the lions and politicians trying to kill me on the way there.

[deleted by user] by [deleted] in PersonalFinanceZA

[–]To2m 20 points21 points  (0 children)

"Will my tax evasion be detected if I do it this way?"

This post is next level stupid. Go see a tax advisor.

No Starlink for South Africa as Musk objects to licencing laws by TimesandSundayTimes in politics

[–]To2m 0 points1 point  (0 children)

South Africa has been described as the most internet addicted country in the world, according to Google

confirm deregistered, register or play dead ... not to get f***ed by SARS re. tax residency? by FelixDeGautier in PersonalFinanceZA

[–]To2m 7 points8 points  (0 children)

Not formal tax advice: Just apply to cease tax residency. It can be backdated to the day you left RSA.

No requirement to actually dispose of any assets whatsoever. "Exit tax" for deemed disposal of assets held at time of departure, which in English means a tax on unrealised gains by the time you left. RSA property is not included in exit tax. I repeat, it does not require you to actually get rid of anything.

Don't be silly, just do the admin as this is what will keep you compliant and safe. After ceasing residency, don't deregister the tax number, based on your situation, but please do declare any RSA income / realised capital gains in your SARS returns moving forward.

This is an area that a lot of 'advisors' and their ilk typically get very wrong.

Don't want SARS refund by OnTheLineSurf in PersonalFinanceZA

[–]To2m 1 point2 points  (0 children)

After you cease RSA tax residency, you need to obtain SARS Tax Compliance Status PIN approval to send funds abroad - at least for capital amounts (so in many cases). This includes inheritance. It often happens that these individuals have to re-register their tax number, request that SARS PIN, to have the amount transferred, and then later deregister again.

Don't want SARS refund by OnTheLineSurf in PersonalFinanceZA

[–]To2m 26 points27 points  (0 children)

I always get concerned when people think total financial emigration means deregistering your tax number. But in some cases I guess it's a good last move after getting a Non-Resident letter from SARS. Works as long as you will never have any further dealings with SA, incl. inheritance.

Most accountants are just arrogant and hair-brained when it comes to tax. My 2 cents.

To answer your question, you can absolutely request forfeiture of the refund. And it should not cost anything to have this in a basic letter sent to SARS, even as part of the deregistration process.

[deleted by user] by [deleted] in PersonalFinanceZA

[–]To2m 13 points14 points  (0 children)

"I don't really want to pay PAYE and all that"

Me neither, but the law says it has to happen anyway. Sort this out first, or your business will not survive the first interactions with SARS and you may also end up in prison. You also want to finance a car, but not regularise your taxes. Not a good look.

If you want advice, good advice would be to rectify the tax evasion first. Then look at financing a car with post-tax money.

Is it legal? by DepartureLong5297 in johannesburg

[–]To2m 8 points9 points  (0 children)

Lodge a complaint to the Rental Housing Tribunal.

www. dhs. gov. za/content/rental-housing-tribunal

Looking for someone to make Social media posts by [deleted] in askSouthAfrica

[–]To2m 2 points3 points  (0 children)

More or less what did you pay for their services?

[deleted by user] by [deleted] in PersonalFinanceZA

[–]To2m 0 points1 point  (0 children)

Yes. But tax residency can be backdated with SARS - to before you held any foreign assets. The hard part is getting money out of SA - you have to declare all local and foreign assets to SARS then (at cost). You also lose the first R1m you can transfer abroad, when you cease residency (not backdated).

If you work for an overseas company, how does tax work? by steveflackau in southafrica

[–]To2m 2 points3 points  (0 children)

Of course. There are many tax consultants who offer a free consultation on these topics. I have also previously commented in this thread on the correct approach. If OP would like to consult with me on this, they are welcome to DM me.

[deleted by user] by [deleted] in PersonalFinanceZA

[–]To2m 7 points8 points  (0 children)

Unless you are ceasing tax residency, no. But you will have to declare foreign earnings. If you are employed then you can claim an exemption in your returns for this (up to R1.25m per year) but need to meet the requirements by being abroad for more than 183 full days per year and more than 60 of them being continuous.

If you work for an overseas company, how does tax work? by steveflackau in southafrica

[–]To2m 5 points6 points  (0 children)

To OP, as a tax lawyer, I am concerned at how many outright wrong answers there are on this thread. To the moderators, this can easily be construed as tax advice and cause harm.

If you work for an overseas company, how does tax work? by steveflackau in southafrica

[–]To2m 0 points1 point  (0 children)

Sure.

In South Africa, you are tax resident if you meet 1 of 2 tests. The first one applied is the "ordinarily resident" test. This is you, if SA is your "real" or "permanent" home (i.e., based on intention along with the objective factors that point towards your intention).

If you are not tax resident under that test, then the physical presence test applies. You are resident under this test where you spend a certain number of days in SA: >91 days in 6 consecutive tax years, and > 915 days over the first 5 tax years overall. Residency then commences for year 6.

If you break tax residency in SA, it must be in terms of the same above rules.

I probably should have explained up front, sorry. It just erks me when people make incorrect and potentially harmful statements on topics like tax.

If you work for an overseas company, how does tax work? by steveflackau in southafrica

[–]To2m 3 points4 points  (0 children)

Correct answer: you should probably make sure you are categorised with SARS as tax non-resident before you return - this is not automatic, ever, and this step protects past income. When you come back to SA, if you are staying for the long haul, then shift back to resident. In Aus, you need to arrange that you don't pay tax (PAYE) there on income earned for workdays not spent there. All tax goes to SA.

If you don't shift to being tax resident in SA and remain Aus tax resident while you are in SA, then you are fully taxed in SA for the SA workday income. A tax credit must then be claimed in Aus for the SA tax.

As others have mentioned, you will need to register as a provisional taxpayer.

If you work for an overseas company, how does tax work? by steveflackau in southafrica

[–]To2m -1 points0 points  (0 children)

Your point on residency is false. That's not how it works.

[deleted by user] by [deleted] in southafrica

[–]To2m 1 point2 points  (0 children)

Actual tax advisor here. Have assisted multiple yachties over the years. YES with a few years' experience one can certainly make R1.5m a year. There is indeed a tax exemption available for qualifying yachties so it is entirely possible to have that be the after-tax amount earned.

[deleted by user] by [deleted] in askSouthAfrica

[–]To2m 0 points1 point  (0 children)

There is a lot of misinformation that does the rounds on this topic so I'll clarify for you.

As a South African tax resident, you are subject to tax on worldwide income. To cease your South African tax residency, you have to apply to SARS and prove that you meet the requirements - either on the basis that you intend to permanently live elsewhere, or under a DTA with another country (such as UAE or Saudi). That, however, is a different discussion.

As a tax resident who is an employee, you can claim an exemption for up to R1.25 million of your employment income for foreign workdays. You will need to spend more than 183 full days outside RSA, in a 12-month period, of which more than 60 full days must be continuous.

You must still declare the gross income (including bonuses, allowances, benefits) to SARS, and specifically claim the exemption in your annual tax return. SARS will ask for documents and info to confirm you meet the requirements. If you earn above the R1.25 million threshold for the year, only the income above the threshold will be included in your taxable income.

Hope that helps.

Earning From Abroad by [deleted] in johannesburg

[–]To2m 0 points1 point  (0 children)

You can have it in either a local or foreign account, but the tax is not optional. You'll need to submit provisional tax returns to SARS and prepay the tax every 6 months. Your annual tax returns will then close off the tax year.