South Africans are constantly considering life abroad. However, very few of them consider and understand the tax implications of changing residency and the difference between legal and tax residency. This course aims to clarify the tax residency concept and assist taxpayers in applying it appropriately.

This lesson covers the following: • Distinguishing between “legal,” “ex-con,” and tax residency • Effective timing of becoming and ceasing to be a tax resident • The base costs when commencing residency and the exit taxes upon ceasing to be tax resident • Declaring a change in residency to SARS and obtaining a Tax Compliance Status Pin, including the supporting documents required and the eFiling functionality • The impact of emigration and changing tax residency on the withdrawal of lump sums, including the latest tax amendments from SARS and the National Treasury • The exchange control regulations for transferring funds to a foreign country (applicable to residents and non- residents) DISCLAIMER: Neither ProBeta Training nor the presenter is registered as a tax practitioner, and the purpose of this course is to convey important legislative and practice information related to the matters covered in the content. We do not claim any information in our courses to be formal or expert tax advice or opinions. Please note that tax residency remains a highly specialised field, and it is advised that formal advice be obtained from a tax advisor or practitioner before making a final decision on your tax affairs.

Tax practitioners who are assisting their clients with tax residency matters or anyone who is considering changing residency.