NEWS | THE SUPERYACHT INDUSTRY 101: WHAT YOU NEED TO GET THINGS STARTED
IS A CAREER IN YACHTING RIGHT FOR YOU? Long gone are the days of walking the dock, fresh out of school, and landing a job onboard a yacht.
Author Archive for: sg-admin
Entries by sg-admin
NEWS | COVID-19: SCHENGEN IMMIGRATION UPDATE FOR SEAFARERS AND SUPERYACHT CREW
The COVID-19 pandemic has impacted countries worldwide including the implementation of various measures such as international travel bans and “lockdown” to help curb the spread and flatten the curve. Seafarers and superyacht crew working in Schengen countries have been adversely affected and have not been able to return for work purposes as all business and […]
NEWS | MUST EXPATRIATES PAY PROVISIONAL TAX TO SARS?
With the first provisional tax payment being due on 31 August 2020, there is some confusion regarding whether expatriates are deemed to be provisional taxpayers by the South African Revenue Service (SARS) or not.
NEWS | SEAFARERS & YACHTIES: BATTEN DOWN THE HATCHES AND PROTECT YOURSELVES FROM SOUTH AFRICAN EXPAT TAX
We have dealt with the financial and tax affairs of hundreds of South African seafarers and yachties over the years, many of which have left South Africa at a young age to begin a burgeoning careers on the high seas or are veterans that are envisaging retirement in South Africa.
NEWS | SOUTH AFRICAN EXPAT TAX: SEAFARERS & YACHTIES AT RISK DUE TO MISINFORMATION
A made-up story With all kinds of information regarding expatriate tax going around, seafarers and yachties (referred to jointly as seafarers hence forth) have been the ones who have been on the receiving end of the most confusing and contradicting guidance.
NEWS | EXPAT TAX 1 MARCH 2020 PRIVATE VS CHARTER YACHT: HOW ARE YOU AFFECTED?
South African seafarers and yacht crew are of the view that they automatically qualify for the exemption of their foreign employment income earned for their services rendered aboard a ship or yacht.
NEWS | SOUTH AFRICAN SEAFARERS AND YACHTIES: KNOW YOUR TAX OBLIGATIONS
As most know by now, SARS is grappling to increase revenue for their coffers, looking to South Africans who earn foreign income to subsidise the deficit. With all the uncertainty around the change in the foreign employment income exemption, which is coming into effect as of 1 March 2020, more and more people are wanting […]
NEWS | SEAFARERS TO BENEFIT FROM CHANGES TO THE SCHENGEN VISA
Effective from 02 February 2020, various changes to the Schengen Visa will come into effect as approved by the European Commission in June 2019.
NEWS | SOUTH AFRICA’S NEW EXPAT TAX ‘A SCARE TACTIC – EXPERT’
Thousands of South Africans will be impacted by new amendments to the Income Tax Act which will come into effect from 1 March 2020, says Nicolas Botha, a senior financial emigration specialist at Tax Consulting SA.
NEWS | EXPAT TAX: COUNTDOWN TO IMPLEMENTATION KICKS OFF
An amendment to the Income Tax Act will bring considerable change to the expat landscape as from March 1, 2020. Jean du Toit and Jonty Leon are the technical editors of the publication “Expatriate Tax – South African Citizens Working Abroad and Foreigners in South Africa”.