Madiba month 2019 report

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: .

October 22, 2019
Navigating financial emigration

Navigating financial emigration

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.

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