Tax Registration Individual South Africa
The background of recent changes effecting the need for registration for Income Tax in South Africa.
As from 2001, South Africa moved form a source based income tax system to a residence based income tax system. Tax residents are now taxed on their worldwide income, irrespective of where the income is earned.
Non South African tax residents are subject to South African income tax on their income that is derived from a source within or deemed to be within South Africa. Non tax residents pay income tax at the same rate as residents and are generally entitled to the same deductions and rebates as residents.
Any person who becomes liable for income tax or who becomes liable to submit a return of income must register as a tax payer at SARS (South African Revenue Service) within 60 days after becoming a taxpayer.
It is therefore important to find out if you qualify as a resident or non resident for tax purposes in South Africa (please note that this status has nothing to do with the kind of permit you are receiving) and to register with SARS.
There are different packages available for Intergate clients providing tailored advice on the individual client’s tax situation. Our so called “Tax Checks” explain your individual situation regarding income, capital gains tax and inheritance tax from a double tax treaty point of view and South African tax law perspective. The Tax Check provides an inside view into the South African tax system, tells you where which kind of income needs to be declared according to the double tax treaty and which country has the right to tax you, gives information on exchange control regulations and includes the registration with the South African Revenue Service. Please contact us for more information.
To find out how Intergate Corporate can assist your organization please contact us for a free initial consultation or request a call back.
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