Emigration and tax residency are often misunderstood topics among South Africans.
• Many individuals believe that simply leaving the country exempts them from South African tax obligations.
• Clarifying these misconceptions is essential to ensure compliance and avoid penalties.
• This Tax Bite will highlight some key points about tax residency, worldwide tax obligations, double tax agreements, and the importance of obtaining proper advice regarding tax planning for expatriates.
• Many people wrongly assume that leaving South Africa automatically exempts them from paying South African taxes.
• Tax obligations are determined by residency status, not just physical presence in the country.