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We understand the importance of protecting your hard-earned money. We can help you obtain the emigration tax clearance certificate you need to emigrate and take your money with you. To learn more about the process, contact Tax Leaders today!
Emigrating to a new country is neither simple nor cheap, and there is much to consider during the process. It is quite complex, requiring various steps before you can move, including acquiring an emigration tax clearance certificate if you plan to transfer your money abroad.
Financial emigration enables you to:
Our experienced team has decades of expertise in South African emigration and tax laws.
To achieve emigration tax clearance, follow these three main steps:
The entire process can take up to six months to complete.
Have a look at what our customers have to say about our emigration tax clearance services:
Frequently asked questions about our TAX emigration services with SARS
An emigration tax clearance certificate is a document issued by the South African Revenue Service (SARS) that certifies you are in good standing with your tax obligations in South Africa. It is required when you plan to emigrate and want to transfer your assets abroad. This certificate ensures that all your taxes are paid or arrangements are made to settle any due amounts before you leave the country.
To apply for an emigration tax clearance certificate, you need to formally apply for financial emigration with the South African Reserve Bank (SARB). You will then submit an application to SARS, including all necessary documentation such as your tax returns and financial statements. Once reviewed and approved, SARS will issue the tax clearance certificate.
The entire process of obtaining an emigration tax clearance certificate can take up to six months. This includes the time needed to apply for financial emigration, gather and submit all required documents, and wait for approval from both the SARB and SARS.
Yes, there are taxes involved in the emigration process. When you withdraw your assets as part of financial emigration, the withdrawal is subject to tax. You will need to obtain a tax directive from SARS, which determines the amount of tax you owe on the withdrawal. It’s important to ensure all taxes are settled before you transfer your funds abroad.
Yes, as part of financial emigration, you can withdraw and transfer your retirement annuities abroad even if you are under the age of 55. This process allows you to access your retirement funds without the usual restrictions, enabling you to take your savings with you when you emigrate. However, this withdrawal is still subject to tax, and you will need to follow the proper procedures to obtain the necessary approvals and tax directives.
Need help with emigration tax clearance? Let our experienced specialists at Tax Leaders handle all your emigration tax clearance needs with accuracy and compliance. From navigating SARS regulations to ensuring timely submission of documentation, we’ve got you covered. Contact us today for customized emigration tax solutions and tailored pricing that perfectly fit your requirements!
