01/06/2026
In this discussion, John-Paul Fraser (Team Lead: Cross-Border Taxation) and Vivian Cox (Expatriate Tax Consultant) recently featured on Tax Consulting South Africa, highlight how SARS has strengthened its ability to track offshore financial activity through the Automatic Exchange of Information framework, now active across more than 100 jurisdictions.
They explain that living abroad does not automatically change South African tax residency status, and without formally ceasing tax residency, individuals may still be taxed on worldwide income and potentially exposed to Exit Tax implications depending on their circumstances.
Watch the full video to better understand the impact on your tax residency and offshore position: https://bit.ly/3RGazvI
SARS is no longer operating in the dark when it comes to South Africans living abroad.
With the Automatic Exchange of Information framework now fully operational and financial data being shared across more than 100 jurisdictions, SARS has significantly strengthened its ability to identify offshore income, assets, and financial activity linked to South African taxpayers.
Under South African tax law, living abroad does not automatically change your tax residency status. Without formally ceasing tax residency, you may still be regarded as a South African tax resident, with exposure to worldwide taxation and potential Exit Tax implications depending on your asset profile and timing.
Watch the full video to understand the implications for your tax residency and offshore position: https://bit.ly/4vqEmXX