A tax resident may, as a matter of choice or due to circumstances cease, to be a tax resident of South Africa. Such a change in tax residency status must be declared to SARS as there may be consequential tax implications.

This session covers the anticipated changes in the emigration rules and how SARS plans on treating residency for tax purposes going forward.

It will also cover the main requirements for tax residency, as well as the impact on taxpayers already living abroad, working abroad or planning to do so in the future.

Content Discussed:

• Residency and Gross Income
• Tax Compliance
• Gross Income definition Resident vs Non-resident.
• Residence – Physical Presence test (where do you call home?)
• Other factors to consider
• Change in residence
• Section 9H deemed disposal
• CGT implications and SARS processes
• On the way out – what to remember
• Letting SARS know that you have left.
• Deregistering at SARS

Daniel van Tonder is the Head of Taxation at FinSolve Accounting and Taxation - situated in Durbanville Cape Town.

He completed his B- Compt degree in Financial Accounting while still busy with his articles at Diemont, Zimmerman & Bolink Auditors in Polokwane.

After his articles he entered the private sector to gain valuable experience as a Group Finance Manager and Group Internal Tax Practitioner.

He is currently busy with his post graduate diploma in taxation through Unisa.

Daniel is a registered tax practitioner and a proud member of the South African Institute of Taxation.

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