2025 Budget Speech: August House Adjourned – Is it time to make the move?
Financial Emigration South Africa
Financial Emigration and Relocation From South Africa To Abroad.
The unexpected postponement of the 2025 Budget is causing endless speculation as well as heightened unease and uncertainty among business owners, investors as well as South African taxpayers about what the immediate future holds.
Maybe even more so for South African expatriates who have moved abroad and those considering relocating to another country, as the Budget postponement also brings the important consideration of breaking tax ties with South Africa – in essence ceasing tax residency in South Africa – to the fore.
South African expatriates who have not yet formalised the cessation of their tax residency may find this period of uncertainty the ideal time to act, because ceasing tax residency can help avoid more complex issues in the future.
Ceasing your South African Tax Residency: A Smart Move in Uncertain Times
For South Africans who have not yet ceased their tax residency, either temporarily under a Double Tax Agreement (DTA) or permanently through financial emigration, now may be the right time to take action. Both processes require a formal procedure with the South African Revenue Service (SARS).
Read more on our most recent article "2025 Budget Speech: August House Adjourned – Is it time to make the move?".