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PKF South Africa

PKF South Africa

Home News Tax Residency, emigration, the impact on your taxes

Residency, emigration, the impact on your taxes

Residency Emigration

South African tax resident individuals are taxed on their worldwide income. You will be classified as a South African tax resident because, your intention is to be a tax resident in South Africa (your true home test) or you spend most of your time in South Africa on a continuous basis (physical presence test).

If you are a South African tax resident, you should declare, and potentially be taxed, on income from anywhere in the world. You can still be classified as a tax resident without being present in South Africa during a tax period.

Emigration and immigration have become a normal part of the global economy. Whether a taxpayer is leaving the country or deciding to make South Africa your permanent home there would be financial and tax implications.

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