Tag: GlobalMobility
Silent tax exit – an expensive assumption
More and more high-net-worth South Africans living abroad realise that the assumption that physical emigration ends their South African tax exposure is not merely incorrect. It is also becoming increasingly expensive. Many expatriates become aware of the consequences only when they receive an unexpected and substantial assessment from the South African Revenue Service (SARS). The reality is that leaving the country is not a tax strategy. South Africans continue to make what can be described as a “silent exit”.
Business travel disruptions – operational risk exposure
In April 2024, when 18 months of rain fell on Dubai in a single day, more than 1,200 flights had to be cancelled, stranding over 250,000 travellers in terminals. Late last year, Cyclone Ditwah wreaked havoc in Sri Lanka during peak tourist season, forcing mass evacuations of foreign visitors. Right now, conflict in the Middle East continues to ground flights and drive disruption, further intensifying ongoing business travel disruptions.
Hurdles foreign individuals face in securing a tax number
South African law requires any person who becomes liable for tax, whether income tax, VAT, or Capital Gains Tax, to register as a taxpayer with the South African Revenue Service (SARS). You must obtain a tax number. This unique identifier, issued by SARS, tracks and manages your tax obligations and compliance.
Red-eye flights, presenteeism and retention
At first, out‑of‑town work trips might have felt like a promotion. You represented the company, were sent to “make things happen”, flew Premium Economy, stayed in a fashionable hotel, networked and hopefully, secured new business. But after some time, red-eyes, quick turnarounds and other travel pressures started wearing thin. So, you begin checking out mentally. You wonder why this could not have been a Teams call. You also wonder why every “quick” trip requires intense preparation, domestic juggling and days of unscheduled recovery time.
