Intergate Immigration Service has an expert team of immigration consultants and certified Home Affairs practitioners. The team has the latest knowledge on immigration legislation and has well established researched information on expected relocation procedures and changes.
Foreign Exchange
Exchanging money can be a daunting experience. Our well-informed experts can save you avoidable charges. Incompass Financial Solutions will guide you through the exchange process. The experts will advise you on the best solutions, whether it is a lump sum of money or a staggered monthly transaction.
Property
SA Homebuyers has been established with the aim of providing a sophisticated property buyers service. Acting as an independent property consultant, the service provides an unashamed bias towards protecting the buyers interest and assists in securing you the right property, in the right area and at the best price.
Tax
Seeking tax advice is never high up on anyone's shopping list, however the perception that tax advice is a necessary evil is not always correct. Yes it is true that tax advice helps you to comply with legislation and ensures compliance but it can also offer the opportunity to structure your affairs in the most tax advantageous fashion.
Insurance
Whether it is house and home, car insurance, medical aid or commercial cover, Incompass Insurance offers a free and independent assessment on your specific insurance needs. Furthermore, Incompass Insurance is one of the biggest guest house insurance brokers in South Africa.
Banking
Opening up an appropriate bank account in South Africa often proves more difficult than you may think. We are able to provide our clients with advice on local banking, cash accounts for lump sums and Swiss banking.
For immigrants moving to South Africa there is a number of opportunities and threats that have to be dealt with. Often people are simply unaware of the issues or put off seeking professional advice by the professional fees that may be involved.
We have built an industry leading Tax Health Check (details below) that has been specifically designed with the immigrant in mind, important support and help that you need when immigrating and at a low fixed cost.
Tax Health Check Details
Only two things in life are certain: Death and the Taxes
We would like to assist with the second certainty in life!
Relocation to a new country involves a lot of changes, with your tax status being one of the most important things that will be different from before.
Most clients will be regarded as a non- resident for tax purposes in their country of origin after relocation and will become a tax resident in South Africa.
There are a number of questions that you need to now be clear on, some of which are:
Where do you now have to hand your tax return in?
Where do you declare your income?
What income do you need to declare?
Are there any tax advantages for you due to the relocation?
Is there anything that you have to especially be careful of?
You will now have to meet two revenue services’ obligations to be compliant with the laws in two countries.
South Africa
South Africa has a residence based taxation system which means, residents are- subject to certain exclusions- taxed on their worldwide income, irrespective of where their income was earned.
South Africa recently changed their tax laws, and the South African Revenue Service (SARS) was completely transformed in the year 2000. It is now one of the most modern, efficient, effective and well organised Revenue Services in the world. SARS is not a “third world country like” department of the government, but a government agency that should be treated with a lot of respect.
South Africa has agreements in place with over 80 countries to prevent double taxation of income accruing to a South African tax payer from a foreign source or of income accruing to a foreign tax payer from a South African source.
Since tax is such a complicated issue, especially when two revenue services are involved, we believe that it is most important for our clients to get all information they need to be compliant with the revenue services right from the start.
The Tax Health Check
We experience that the best starting point to clarify our client’s tax status is our Tax Health Check.
The Tax Health Check was developed to answer all questions clients may have and provides a basis from which we can then decide if further advice is necessary.
The Tax Health Check describes in detail and plain English the new tax situation you are facing after your relocation. It looks at your specific circumstances and provides tailored advice.
The Tax Health Check describes:
the legal consequences of the double tax treaty
in which country you will be seen as a tax resident
what forms you will have to hand in to be seen as a tax resident
what needs to be done to be seen as a non resident in the other country
in which country you will pay tax for all kinds of income
the changes in your capital gains tax status
the changes in your inheritance tax status
where you will have to hand a tax return in
if you can keep contributing to your existing pension
if you can keep contributing to the social security system of your home country
your status for exchange control purposes in South Africa
the basics of the South African tax system
the advantages and disadvantages from a tax point of view of your relocation
The Procedure
The Tax Health Check works in 3 steps:
We will send you a fact finding questionnaire. Your answers to our questions will give us an overview over your specific tax situation.
We create a report, tailored to your personal situation which will provide you with all necessary information to establish and understand your new tax situation.
All necessary documents will be posted to the different Revenue Services and other authorities to establish your new tax status correctly right from the start.