Dutch Development Jobs

phaktza

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#82
What does that mean/imply?
Essentially you become a non-resident of South Africa for tax purposes. There are implications to doing so, but for most it's worth it. Definitely speak to someone who can brief you on your options.
 

cguy

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#83
Essentially you become a non-resident of South Africa for tax purposes. There are implications to doing so, but for most it's worth it. Definitely speak to someone who can brief you on your options.
False, it makes you a non-resident for exchange purposes, not tax purposes.

It can contribute to justification for the ordinary resident test, but this is typically pretty easy to establish anyway. This and the physical presence test determine tax residency.
 

phaktza

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#84
False, it makes you a non-resident for exchange purposes, not tax purposes.

It can contribute to justification for the ordinary resident test, but this is typically pretty easy to establish anyway. This and the physical presence test determine tax residency.
Kindly provide your source, once again, as I am not incorrect but you are not completely correct either.


The process of “Financial Emigration” terminates your tax residency status with the South African Revenue Service (“SARS”) as well as your status as exchange control resident with the South African Reserve Bank (“SARB”).

Edit: just consulted my tax consultant. It's one or the other or both - depends on your needs.
 
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cguy

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#86
Kindly provide your source, once again, as I am not incorrect but your are not completely correct either.


The process of “Financial Emigration” terminates your tax residency status with the South African Revenue Service (“SARS”) as well as your status as exchange control resident with the South African Reserve Bank (“SARB”).
That's a quote from an IOL article, right? From what I've been able to tell only the second part is true. The SARS pages on Tax Residency, literally does not mention financial emigration anywhere.

https://www.biznews.com/global-citizen/2019/03/12/avoiding-expat-tax-financial-emigration
Financial emigration doesn’t equal non-residence
Some companies are peddling financial emigration as some sort of panacea, which could not be further from the truth. Financial emigration and becoming a non-resident for tax purposes are two distinct concepts and should not be confused with each other.

A SARS interpretation note on ordinary residence states: “The concept of ordinary residence must not be confused with the terms ‘domicile’, ‘nationality’, ‘citizenship’ and the concept of ‘emigrating’ or ‘immigrating’ for exchange control purposes.”

https://www.resbank.co.za/Regulatio...eAndExchangeControl/FAQs/Pages/Emigrants.aspx
Emigrating from South Africa formalises your exit from South Africa for exchange control purposes.
 

cguy

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#87
I guess that's a no? So just one person's opinion on a subject they know little to nothing about?
Um... ok..

Also, I have literally checked the above with SARS, while in consultancy with a top tax professional.
 

Johnatan56

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#88

phaktza

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#90
Um... ok..

Also, I have literally checked the above with SARS, while in consultancy with a top tax professional.
OK I literally spoke to a tax consultant 5 minutes ago.

Your implication that financial emigration will not help is both misleading and unhelpful.
 

cguy

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#91
OK I literally spoke to a tax consultant 5 minutes ago.

Your implication that financial emigration will not help is both misleading and unhelpful.
It can help avoid passing the ordinary residents test, but so can selling up and leaving the country with your family, which is probably the case for anyone in a situation where FE makes sense. It really makes no difference - your consultant is buying into all the BS that tax professionals who specialize in FE are pushing in order to get more clients, or is possibly one of those people providing FE services to people who don't need it.

Your assertion that FE is the panacea is mindlessly criminal.
 

phaktza

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#92
It can help avoid passing the ordinary residents test, but so can selling up and leaving the country with your family, which is probably the case for anyone in a situation where FE makes sense. It really makes no difference - your consultant is buying into all the BS that tax professionals who specialize in FE are pushing in order to get more clients, or is possibly one of those people providing FE services to people who don't need it.
Er no, he's retired and earns no money from my consultations. But thanks for playing.
 

vic777

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#93
Hey guys,

Not a dev, but Systems Admin looking to relocate to the Netherlands. Does any know of any agencies or recruiters that I can contact with finding a job and assisting with the whole process.

I have been quite active on LinkedIn, but no success yet.

Thanks
LinkedIn is great, that is how I found work - but also: stackoverflow jobs, Glassdoor and you can contact companies directly. Rework your CV, they don't like CV's that span 5 pages like in SA.
https://www.expatica.com/nl/employm...-interview-tips-for-a-job-application-102340/
 

phaktza

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#94
What does that mean/imply?
Look neither @cguy or myself are experts.

Find someone that specialises in financial emigration from South Africa to the country you're moving to - please don't assume that because you've packed up and left SARS (or SABC ) will automatically leave you alone.

We're going through the motions right now and someone with experience is always the best bet.
 

cguy

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#95
Er no, he's retired and earns no money from my consultations. But thanks for playing.
Look, I'm sure you may think that the word of your retired tax consultant is the word, but it isn't. Do your own research, read the SARS tax-residency definition in detail, and the new changes in detail, or even call SARS, and just ask them.
 

phaktza

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#96
Look, I'm sure you may think that the word of your retired tax consultant is the word, but it isn't. Do your own research, read the SARS tax-residency definition in detail, and the new changes in detail, or even call SARS, and just ask them.
Actually I'm being emailed a litany of documentation to confirm the position. So I should be fine, but your concern is noted.
 

Lord Farquart

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#97
Layman’s view on this is as follows. By financially emigrating, you are basically provided with proof that you are square with SARS. You get some sort if certificate from SARS/SARB to this effect.

What can be gained from this? You will now be able to cash out all your retirement stuff you have here. Basically closing everything you have in SA.

One negative is that your bank accounts will be closed/will have to be closed. New SA bank account, if possible, will be as expat.

If you can get documents to SARS/SARB and back, your bank could do this for you for about R2500. If not, other people can donut for R15000 plus. My SIL does this for a living, and the guy in most of the interviews you have seen about this, works for her.

As I am about a year away from actually wanting, possibly, to do this, I have not sat down with her to discuss. Cross bridge when I get there. No need to rush.
 

cguy

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Layman’s view on this is as follows. By financially emigrating, you are basically provided with proof that you are square with SARS. You get some sort if certificate from SARS/SARB to this effect.

What can be gained from this? You will now be able to cash out all your retirement stuff you have here. Basically closing everything you have in SA.

One negative is that your bank accounts will be closed/will have to be closed. New SA bank account, if possible, will be as expat.

If you can get documents to SARS/SARB and back, your bank could do this for you for about R2500. If not, other people can donut for R15000 plus. My SIL does this for a living, and the guy in most of the interviews you have seen about this, works for her.

As I am about a year away from actually wanting, possibly, to do this, I have not sat down with her to discuss. Cross bridge when I get there. No need to rush.
You can just get a document from SARS that states that you have no tax owing and no tax returns due. I have such a document.

FE still doesn’t mean that you aren’t a tax resident, and it certainly isn’t required.

It would be good to get another professional in, but the tax residency rules are public, and we already have a discrepancy between professionals (although, I strongly suspect that the top professional I hired holds more weight than a retiree who consults for free). A third opinion with some justification would be a benefit.
 
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