Overview   

According to a recent survey conducted by the Social Research Foundation in September 2022, 53% of university graduates aged 25 - 40 years, and 43% of those who earn more than R20 000 a month, may most likely consider leaving the country for greener pastures! 

These statistics are being caused by the current negative socio-political climate that is filled with corruption, scandals, violence, high inflation and power cuts. But before making the big decision to emigrate, there are important financial, tax and exchange control considerations that one must carefully look at first.   

Join Maya Nikolova, BAP(SA), MTP(SA) and Jonty Leon LLB, GTP(SA) on 18 April 2023 from 9:00 a.m. to 11:00 a.m. as they unpack the practical implications of emigrating from South Africa.  

Competencies developed in this webinar 

By attending this CPD webinar you will develop the following competencies: 

• Understand tax residency and how it is determined in terms of the Income Tax Act, section 1.  

• Fully understand the formal process of ceasing tax residency. 

• Know the requirements to expatriate funds from RSA in terms of the Income Tax Act and the Exchange Control Regulations and Manuals. 

• Know the overarching requirements to overcome the burden of proof against SARS. 

• Understand section 9H of the Act regarding when a person is deemed to have disposed of their assets, including the class of assets that this doesn't apply to.  

Content 

The webinar will cover the following topics:  

• What is tax residency? 

• How to determine tax residency. 

• How emigration impacts the process to cease RSA tax residency.  

• Requirements to expatriate funds. 

• Exit tax. 

• Burden of proof.   

• Tax treatment of foreign vs local. 

Obtaining your CPD certificate 

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA. 

All attendees are issued with a CPD certificate available in an online profile.   

About the presenter 

Maya Nikolova, BAP(SA), MTP(SA), B Com Accounting, PG Dip Tax 

Maya is an accountant and registered Tax Practitioner with a demonstrated professional history in the financial accounting and tax industry for over 20 years. 

She is member of SAIBA and the SAIT with respective professional designations of Business Accountant in Practice (SA) and Master Tax Practitioner (SA), and she holds Practice license for Independent Review Engagements and Professional license in Immigration Engagements from SAIBA. Maya is the founder and managing partner of Tax Advise Consulting.  

Jonty Leon LLB, GTP(SA) 

Jonty Leon is an attorney and tax practitioner with a demonstrated history of working in the litigation and consulting industry.  

Jonty holds a Bachelor of Laws (LLB) degree and is an admitted attorney of the high court with 10 years legal experience. Jonty is currently Managing Partner of Leap Group, which is a specialist tax firm dealing with South African tax and cross border taxation. 

Who should attend? 

The following persons will benefit from attending this webinar: 

• Professional accountants including: CA(SA), Professional Accountant (SA), BAP(SA), ACCA, AGA(SA), FCCA, and BA(SA). 

• Accounting officers. 

• Tax practitioners. 

• Immigration consultants. 

• Emigration consultants.  

Price              

• Individual Booking: R450.00  

• Group Booking:

  • From 184 per person (Maximum of 5 attendees). 

  • From 121 per person (6 to 10 attendees) 

  • From 109 per person (Over 11 attendees) 

Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. 

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series). 

Click here to find out about the Technical Resource Centre & CPD Subscription options. 

Additional material 

By attending this webinar you will be provided with: 

• A summarised slide presentation. 

• Reference documents and/or course material where available. 

• You can ask questions during the webinar and you will also have access to the presenter after the webinar.