VDT Attorneys is delighted to share this overview of how the firm demonstrated one of its core values, “we care”, during Madiba month 2019.
It was wonderful to see the deep personal impact that the projects we engaged in had on our staff.
We are happy to have made a difference, however small, in our community.
You can download the report and watch the video: .
In recent years, South Africa has seen a notable rise in financial emigration. This shift comes with significant tax implications, as individuals who cease to be tax residents must navigate complex regulations and financial considerations. Understanding these implications is crucial for anyone considering this move. Financial emigration refers to the formal process by which South African taxpayers alter their tax residency status, change their status with the South African Reserve Bank (SARB) for exchange control purposes and relocate their financial assets to other countries. This often involves transferring wealth, investments, and retirement funds offshore. The South African Revenue Services now mainly oversees this process, allowing individuals to terminate their tax residency in South Africa while effectively transferring their finances overseas.
On 27 March 2025, the Chief Master Directive 2 of 2025 was issued, marking the start of a digital transformation at the Master’s Offices situated in Johannesburg and Pretoria. These new developments will be beneficial to any person considering setting up a trust.
A recent Chief Registrar’s Circular has shed light on the challenges of determining the correct transaction date for divorce-related property transfers—especially when settlement agreements are amended after the divorce. In this article, we look at the current position.