Residency Recommencement

Send us Fan Mail In this episode, Richan Schwellnus, Tax Attorney, and Nikolas Skafidas, SARS Tax Compliance and Processing Supervisor, discuss the key considerations for South Africans returning home after a period abroad. As you recommence your residency in South Africa, several key factors must be addressed, including tax residency status, banking, and exchange control regulations. Failure to declare foreign-sourced income to SARS could result in significant tax liabilities, making it essential to seek expert guidance. Join us as we explore tax residency, asset structuring, and compliance with exchange control regulations to ensure a smooth transition back home. Support the show