Exit Tax explained: SARS, SARB & Planning ahead

In this episode of Advisory Explained, host Kosie Kritzinger sits down with Elizabeth Fick, Head of Tax & Fiduciary at Investec, to unpack the complexities of exit tax when leaving South Africa. The discussion explores what SARS expects when you cease South African tax residency, and what SARB requires to transfer funds offshore. They cover the fundamentals of exit tax, which assets are excluded, liquidity considerations, when the exit charge becomes due, and why planning ahead is essential. Elizabeth also shares a high-level step-by-step guide to navigating both SARS and SARB, while highlighting common pitfalls individuals often overlook when setting up their exit strategy. bakertillygreenwoods.co.za