The sacking of South Africa’s finance minister will not stop legislation to tax some expats on their foreign income from being introduced, the founder of the South African Expats Tax Petition Group has said.
With the clock now ticking on the UK’s departure from the European Union, some people are rethinking their living and employment situation. Click through the slides below to find the best and worst expat destinations, according to research firm InterNations.
A petition against new legislation that would force South Africans working in countries with no income tax to pay tax in their home nation went live on Sunday.
The Chartered Institute for Securities & Investment (CISI) is working with London-based firm Perceptive Planning to organise a fact-finding trip to South Africa in October.
Sanlam Emerging Markets (SEM) has reached an agreement to acquire a majority stake in Kenya-based asset manager PineBridge Investments East Africa Limited (PIEAL).
South Africans working in countries with no income tax, such as the UAE, have banded together on social media to oppose new legislation that “might put them at an unfair disadvantage” of having to pay income tax in South Africa.
South Africa is to draft legislation overhauling its residence-based tax rules so that South Africans working in countries with no income tax, such as the UAE, will be liable to pay tax in their home country.
Jersey chief minister Ian Gorst has signed an agreement to allow the return of over £3m ($3.65m, €3.46m) of stolen assets to Kenya.
Changes that would have seen South Africa’s Financial Services Board (FSB) rebranded, handed a new mandate, and the introduction of a ‘Twin Peaks’ regulatory system have been postponed.
South Africa finance minister Pravin Gordhan has announced a new top tax bracket of 45% in his 2017 Budget.
The Financial Services Board (FBS) of South Africa has fined Lombard Life for not complying with rules about informing policyholders of their right to appeal after the company rejected their claims.
South Africa’s financial services regulator has dismissed an appeal to overturn the ban of the former boss of collapsed asset manager Interneuron, which swindled investors out of R100m (£5.9m, $7.4m, €6.9m).
