Industry body Nasscom surveyed 139 startups. Of these, Nasscom said approximately 16.5% of Indian-origin startups have externalised legal structures and would consider raising equity capital through public listing in India if the regulations are amended to allow for a direct listing
Mauritius could be paradise for emigrating South Africans - But will SARS let you go? iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
To be released from their local tax obligations in relation to foreign income, emigrating South Africans must be able to prove to SARS that they have permanently left the country. But how can they do so if they are moving to a country, like the UAE in general, where long-term residence (for immigration purposes) is allowed but permanent residence is not necessarily permitted? "It is still possible for an expatriate to cease tax residency in South Africa, on a permanent basis, provided they can prove their intention and capability to leave the country for good," says Thomas Lobban, Legal Manager: Cross-Border Taxation at Tax Consulting South Africa. Lobban holds a Master of Laws (LLM) in Tax Law.
Tax Consulting South Africa, South Africa’s largest independent tax practice, returned this week from the Netherlands after hosting tax and immigration planning sessions with recently emigrated South Africans. One thing that became clear during the presentations, is that despite the soft-landing opportunities provided in the Netherlands and other locations, there has not been enough focus given on correctly exiting South Africa, especially from a financial and taxation perspective.