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Could your foreign retirement funds soon be taxed in South Africa?

In this discussion, Delano Abdoll (Legal Manager: Cross-Border Taxation) and John-Paul Fraser (Team Lead: Cross-Border Taxation) unpack how SARS’ proposed removal of the foreign pension exemption could affect expatriates, returning residents, and high-net-worth individuals with offshore retirement funds. From Double Taxation Agreements (DTAs) to the two-pot system, they reveal the risks, timelines, and urgent planning steps every client and practitioner must understand.

Topics:

00:00 - Intro
01:26 – The Removal of Foreign Pension Fund Exemptions
03:27 – South Africa’s Deficit and the Push to Increase Tax Collection
05:25 – Tax Residency Rules and the Impact on Foreign Pensions
08:22 – Public Comment Period Closing 12 September 2025
17:36 – Practical Advice for Taxpayers and Retirement Planning

#SARS #DoubleTaxation #TLAB2025

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Can SARS take money directly from your bank account?

Yes, and it is already happening. In this episode, Tax Attorney Junaid Bhayla and Associate Director and Head of Strategic Engagement and Compliance, Jashwin Baijoo, break down how tax debt arises, what triggers SARS collection, and how legal relief can protect you from criminal liability or asset loss.

Visit our website for more info: https://bit.ly/4lBwMF7

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The 31 August 2025 provisional tax deadline is fast approaching, are you prepared?

Whether you are a freelancer, expatriate, or run your own business, this episode featuring Priscilla Sefoka, Tax Administrator, and Thokozile Kumalo, Tax Consultant, will help you understand exactly what you need to do to stay compliant and avoid SARS penalties.

Need help filing your provisional tax? Contact Tax Consulting South Africa today for expert assistance: https://bit.ly/45cVV3g

#ProvisionalTax #TaxFilingSeason2025 #TaxPodcast

What You Will Learn:

00:00 – Introduction

00:56 - What Is Provisional Tax?

01:28 - Purpose of Provisional Tax

01:54 - Provisional Tax ≠ Additional Tax

02:23 - Who Qualifies as a Provisional Taxpayer?

02:50 - Legal Definition from the Income Tax Act

03:18 - Documents to Prepare for Provisional Tax

03:47 - Examples of Source Documents

04:27 - Importance of Passport Stamps

04:56 - Risks of Late Submission & Payment

05:48 - Interest and Penalties Explained

06:14 - Key Provisional Tax Deadlines

07:02 - Third Voluntary Payment Deadline

07:30 - 2026 Deadline Falls on a Sunday: What to Do

07:54 - Recommended Payment Date: 29 August 2025

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