Wegkaner Cross Border Advisor

21/11/2025

Regarding the issue of emigration fees and the unfair criticism of FinGlobal, I would like to provide some clarity.

Any person that underwent formal emigration need not update their SARS eFile tax profile to non-resident.

I am Hugo van Zyl (SA) M.Com(Tax), and I completed my first emigration in May 1993, just after Chris Hani was killed. I am part of Taxforum situs360.com. In our team is Mathys Briers-Louw, who takes care of Exchange Control.

Financial Emigration (sic), as a term, never existed; it was a trade name used by a specific law firm. The actual process was a formal emigration at the South African Reserve Bank level, which in most cases did not confirm the cessation of tax non-resident status. Instead, one received a Tax Compliance Status (TCS) clearance, confirming good standing for formal emigrants.

Now, everyone who has undergone Financial Emigration must redo the RAV01 cessation to cease tax residency. However, this is no longer sufficient on its own to ensure that banks term your bank account as a non-resident (emigrant) account. Furthermore, since 20 October, we require TCS AIT for post-emigration dividends. Therefore, anyone quoting a fee they paid before 20 October is misleading you, as the system changed on 19 June and again on 20 October.

Please do not be misled by people promoting discount services if compared to what FinGlobal quoted. They are a leading and most trusted service provider, and their reports are featured in Momentum. Although they are my competitor, I trained them (then CashKows) or some of their team members, and they are a reliable full-service outfit.

For more information on our presentations and training to the industry, see https://taxfaculty.ac.za/presenters/show/hugo-van-zy

Meet Hugo van Zyl, a PBO/NGO specialist, and presenter at The Tax Faculty. Visit our website here to view all webinars & upcoming events, hosted by Hugo van Zyl.

06/08/2025

Hi Hugo.I'm Ghalieb Alli. I’m reaching out from the University of Cape Town Liberty Institute about a research project exploring the perspectives and experiences of South Africans living abroad. There’s little information available about the South African diaspora, and our study aims to bridge that gap by gathering insights directly from those living outside the country.

We’ve created a short, anonymous survey (about 10 minutes) to collect these experiences and views. The findings will contribute to academic research and be shared across various platforms. Everyone who completes the survey will also receive a summary of the results.

Would you be open to sharing the survey link with your group members? I’m happy to provide any additional details if needed.
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here is the link to the survey
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Your voice as a South African abroad can illuminate the untold story of our diaspora—a story rarely explored. The University of Cape Town Liberty Institute invites you to a 10-minute survey to share your unique perspective, shaping research shared widely. By participating, you consent to the colle...

27/02/2025

Don't let tax season sneak up on you! The deadline is fast approaching, so get those forms filled out ASAP. Feeling the pressure of tax season? Don't worry, you've got this! Just remember to file by the deadline to keep the IRS off your back. , USA tax resident and taxpayer may claim FTC (foreign tax credits) to reduce their SARS provisional tax. 💪 "

26/02/2025

. Did I hear you call "Come to Dubai Habibi!"? We heard your call, arriving in Dubai 12 March and staying for two weeks only, the next visit is May 2025. No, it is not . It's time to catch up with all the clients.