If you are an illegal black immigrant from Zimbabwe, you can quickly buy a genuine South African Passport for R45,000 from Home Affairs, but if you are a law-abiding white person, you could wait years for a basic document. Indeed, in Ireland, South Africans are told by the Embassy they can wait up to three years for documents, which severely affects their residence status! Such stories abound on Facebook groups like Suid Afrikaners in Nederland where expats try help each other out with the bureaucracy, corruption and ineptitude from Home Affairs
Emigration Tax? ANC Regime to Charge Emigrating South Africans an Additional “Exit Tax” on Retirement Funds!
In the National Treasury’s latest published Draft Tax Bills, which incorporates the tax proposals made in the 2021 Budget, the amendment proposes a particularly worrying amendment which may upend taxpayers’ carefully planned retirement. The Draft Taxation Laws Amendment Bill (TLAB) proposes an additional “exit tax” to tax retirement fund interests of individuals when they cease South African tax residency. This proposed amendment, due to come into operation on 1 March 2022, would be a further blow to emigrating South Africans wanting to cease their tax residency, following on from the three-year lock-in rule imposed on retirement annuities earlier this year.
Saffa, Finally can earn some pounds
1 More Saffa | Finally can earn some pounds | The South African Fri, 13 Sep 2013 07:00:00 GMT 1 More Saffa | Finally can earn some pounds Coming back into London, the rain spat in my face reminding me Read More …