EXPATRIATE TAX LAW CHANGE & MOZAMBIQUE IMMIGRATION REGIME
Following the positive feedback received from our sessions held in the Democratic Republic of Congo (DRC) during February, we are delighted to confirm that we will be coming to Mozambique for an Expat Tax 2020/Immigration event on Wednesday, the 18th of March. The Mozambique event comes hot off the heels of the discovery of natural gas which has paved the way for Mozambique to become the next major supplier of liquified natural gas. This has led to a massive demand for skilled South African expatriates to lead the projects in the region, with these expatriates and their employers reaching out to us to provide advice from a tax and immigration perspective.
The event will include presentations from Jerry Botha (Managing Partner of Tax Consulting SA), Marisa Jacobs (Director of Xpatweb) and Tarissa Wareley (Head of Africa Desk at Xpatweb). Jerry will deal with the fundamentals of international tax vs. South African tax and the principle that South Africans must always have a tax protection strategy. Amongst other topics, the presentation will also outline planning considerations where Financial Emigration and / or Double Tax Agreement relief is not possible, including compliance strategy.
Marisa and Tarissa will represent Xpatweb, which is the largest independent work permit practice in South Africa. Marisa’s presentation will deal with matters ranging from the largest critical skills survey in South Africa, passport renewal and retention of South Africa citizenship. Furthermore, Tarissa will discuss the difference between business trips, and what is construed as work activities in Mozambique for short-term periods as well as avoiding having penalties and fines issued for non-compliance.
KEY AREAS OF THE PRESENTATION
- Dealing with the fundamentals of international tax vs. South African tax and the principle that South Africans must always have a tax protection strategy;
- The history to the expatriate tax law change and the not widely reported primary motivations for the expat tax law change;
- The submission to Parliament in 2017 on behalf of South Africa expatriates, why the R1m exemption was allowed, the amended tax law and the remaining technical concerns not addressed by National Treasury and SARS;
- Financial Emigration – when is this viable and when not, criticism and opportunity;
- South Africa / Mozambique Double Tax Agreement – when is this viable and when not, risks and opportunity;
- Planning considerations where Financial Emigration and / or Double Tax Agreement relief not possible, including compliance strategy;
- Retirement in South Africa, tax risks associated with ‘end of service’ gratuity and other lump sums, tax considerations for continued South African investments especially into retirement vehicles, rental properties SARS audit approach etc.;
- Inheritances from or to family in South Africa, donations’ tax, forex and exchange control planning for inward and outward remittances;
- Common Reporting Standards, criminal offences standards, optimal tax planning and caveat against various tax ‘schemes’ being punted;
- LexisNexis guide on Expatriate Tax.
Wednesday, 18 March 2020
Radisson Blu Hotel Maputo
17:30 – 20:30
R275 per person / $19 for Pay Pal
Payment can be made at the entrance after confirmation of registration received.
Kindly note when using Paypal additional fees will be applied.