Is Your Overseas Company a CFC? This blog explores CFC compliance in South Africa for residents with foreign companies, helping you understand when the rules apply and what they mean. We’ll begin with when the CFC rules don’t apply and then explain when…
Under South African tax law, you are considered a tax resident if you meet either the Ordinary Residence Test or the Physical Presence Test. These are the two main ways SARS determines tax residency in South Africa. 🇿🇦 1. Ordinary Residence Test This is the main…
If you’re setting up a branch or establishing any type of business in South Africa as a foreign company, one of the key legal requirements is appointing a local tax representative, often referred to by SARS (South African Revenue Service) as a public officer….
With more business owners working remotely, it’s no surprise that some are choosing to move somewhere sunny while still running their UK-based companies. If you’re planning to run a UK company abroad, it’s important to understand how it could affect…
You have two options: Incorporate a South African Pty Ltd, open an RSA business bank account and then run your payroll via your own company in South Africa. We recommend this option if you are planning to do business in RSA, so have clients based in…