I’m a South African abroad… can I deregister my SARS tax number?
Deregistering from SARS doesn’t mean you aren’t liable to pay tax. The relevant criteria, must be followed to avoid the risk of prosecution.
Jonty Leon and Claudia Apicella co-founded Leap Group. Both have extensive experience within the South African expatriate tax market dealing with Financial/Tax Emigration, Double Tax Agreements, non resident declaration to SARS and tax returns for South African locals and expatriates. Jonty and Claudia created Leap Group to help clients deal with the plethora of complex tax issues arising in the expatriate tax market in a smart and cost-effective way. Leaving behind large staff contingents, overheads, and unnecessary red tape, their focus is to streamline practical solutions to expatriate tax services. This dynamic team is creating a fresh and no-nonsense niche in the tax market.
Deregistering from SARS doesn’t mean you aren’t liable to pay tax. The relevant criteria, must be followed to avoid the risk of prosecution.
The withdrawal of South African (SA) preservation or retirement annuity funds, as well as the challenges associated with the process, has become a hot topic in the South African expat community in recent months.
South Africans abroad need to familiarise themselves with their options from a tax perspective to avoid being unnecessarily taxed on their foreign income streams.