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Warning over new expat tax changes for South Africa
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South Africans living or working abroad can no longer avoid the long arm of the South African Revenue Service (SARS), says Jonty Leon, legal manager at Tax Consulting SA.
Under pressure to meet its revenue quotas, Leon said that the tax authority has started auditing the country’s non-compliant expatriates in earnest.
“We have been warning expatriates that this was coming and now that it’s here, the time for hiding one’s head in the sand is over,” he said.
He advises those intending to relocate to another country to follow the formal exit procedures and, most importantly, ensure their tax affairs are in order beforehand.