Thousands of South Africans will be impacted by new amendments to the Income Tax Act which will come into effect from 1 March 2020, says Nicolas Botha, a senior financial emigration specialist at Tax Consulting SA.
The Angolan government has been introducing several initiatives to encourage investment and business opportunities in the oil rich country since former president José Eduardo dos Santos stepped down.
The impact of the future tax treatment of income earned by South Africans while they are living and working abroad has been widely publicised. It has also contributed to the first publication of its kind that deals with the tax considerations of South Africans abroad or those with international interests, and foreigners working and living […]
Recent media reports have criticized South Africa’s restrictive visa rules and the Department of Home Affairs’ poor handling of visa applications. They claim these shortcomings discourage investors from entering the country, thereby inhibiting economic development and job creation.
According to the critical skills survey on XpatWeb, the difficulty in recruiting skilled artisans has risen 45% in the last year. This result makes artisans the third most sought-after skilled professional for companies. The search for ICT specialists and engineers is the only professions to precede skilled artisans.
South Africa will trial a new e-visa system in November, making it easier for tourists to enter the country thanks to the online capture of visa applications and biometric information.
The economy is in crisis. The latest unemployment statistics have rung alarm bells, and a possible downgrade by Moody’s looms. Government and business are both recommitting to creating jobs to kick-start growth.
The demand for critically skilled foreigners has significantly increased considering its integral role within the economic growth within South Africa.
With the pending tax changes in South Africa, due to be enforced from 1st March 2020, the EU Second Passport scheme is an attractive and enticing proposal for South Africans. The turbulent future of South Africa is driving record numbers of South African in applying for Second EU Passports.
The number of South Africans leaving the country on a permanent basis has increased “exponentially” and many are opting for the island life in Mauritius, not only for its beauty, but certainly for greater financial and tax security.
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