Are you an Expat? Do you know you can SAVE TAX with Double Taxation Agreements (DTA's)? Watch this video to see how you can see how double taxation agreements work!
You can contact Delano at delano@taxconsulting.co.za
Here are the time stamps
0:00 introduction
0:55 What are Double Taxation Agreements?
2:29 When can expats qualify to use Double Taxation Agreements?
4:09 Does SARS recognize Double Taxation Agreements?
5:51 What documents do you require to apply for Double Taxation Agreements?
7:31 If I work overseas are Double Taxation Agreements applied automattically?
8:45 Does SARS have the authority to tax my foreign income?
9:42 Is there a way I can apply for a Double Taxation Agreement (DTA) if I am already overseas, and can my application be backdated?
11:35 Does the 1.25 million exemption apply to Double Taxation Agreements?
12:54 Can I bypass Exit tax and Capital Gains Tax by using a Double taxation Agreement (DTA)?
14:00 Where can I get advice on Double taxation Agreements?
Questions we discussed
1. What is a Double Taxation Agreement (“DTA)”?
2. Where does a DTA fit in for purposes of ceasing to be a resident in South Africa for tax purposes?
3. Does the South African Revenue Service (“SARS”) recognise DTA non-residency?
4. What documents does SARS require to follow the DTA process and obtain my Notice of Non-Resident Tax Status?
5. Does moving abroad automatically mean SARS cannot tax my foreign-earned income?
6. How does SARS have the authority to tax me if I earn my income abroad?
7. Is it too late to use the DTA process if I am already abroad?
8. Is there a R1,25 million limit on the amount of foreign income that is exempt from tax in terms of the DTA process?
9. If I make use of the DTA process, do I avoid “exit tax”?