Thousands of taxpayers end their tax residency in South Africa

[@mvubu6823]

This is what happens when you get nothing for your money. People don't mind paying when the money isn't stolen. Towns and cities have collapsed.

[@MrEvansjethro]

You probably are clueless about how tax work.

[@mvubu6823]

@MrEvansjethro what don't I understand? Pay 42% plus vat plus rates and taxes, and get little for it. Politicians and their placed cadres have stolen everything they collect, borrowers more and stolen that.

[@sakhile789]

*add also clueless about the work of government 😅

[@9m9ify]

@@sakhile789 What work of government, when government workers think you owe them for doing their job?

[@mvubu6823]

@@sakhile789 well someone likes to delete my posts. . The work of government should not be confused by the looting and incompetence of government, and the unending spending of unfunded social programes that create a dependent, unemployable youth, and is anti business. You seem to not understand where goverment gets its money from. It's either take from citizens or borrowed from banks. Governments do not create jobs or revenue

[@nicholasrudloff]

I left SA in March 2024 for New Zealand. I was paying R500 000 in tax a year. I got absolutely no value for that money or any value since I started paying tax in 2009. Now I pay less tax and finally see something for the money I earn. A tax system should benifit everyone. That way it encourages everyone to contribute.

[@karabontseki617]

You forgot to mention that you also lost your soul in the process of that whole change from SA to NZ you were born in SA because you are needed in SA God is not stupid. You talk of SAs problems why aren't you part of the solution? Are you a coward maybe?

[@sanelemwelase]

I would too if I were a millionaire. What the point of paying tax when the service aren't being delivered? I would rather pay tax in a foreigner country as long as services are delivered to tax payers. We are paying for the likes of Edwin Sodi to live large.

[@angrysocialjusticewarrior]

I think the rich are more concerned about the fact that in South African tax tables they can have up to half their entire income taken from them as tax. They wouldn't care what is being done with tax money if they didn't have half their bank balance grabbed by the state.

[@MpumeleloSimelane-l6i]

ANC did not listen to this important tax base...arrogance has led to this exodus

[@bigd5745]

😂maybe tired of getting nothing back for their taxes

[@TruthSharingSA]

People are moving because they are tired of this country and corruption everything is out of order... Sad

[@rudolfhough6226]

A well and correctly run country will need a very small tax base, and that is exactly what ALL Governments do NOT want.

[@phyllsmoyo]

That 38000 doesnt even generate their income from South Africa anyway. Because if that income was generated here it will be taxed here. This is not just your ordinary tax payers, these are high net worth people.

[@powlly5738]

Corruption! Corruption! Corruption! will they ever learn 😏

[@TheJuryIsOut]

Do you really want to know the answer?

[@powlly5738]

@TheJuryIsOut 😂😂

[@sakhile789]

Land! banks! SOE's! Will they ever return 🥴

[@rijnvanessen7359]

Never

[@NoluJezile]

Guptas jumped the ship long time ago with billions of taxpayers to date they're not arrested.

[@papretorius]

The South African government's arrogance and decision to implement an expatriate tax demonstrates poor foresight and economic understanding. This policy has forced many South African citizens living abroad, including myself, to formally terminate their tax residency and relocate their assets overseas. Where I once regularly invested millions back into South Africa, I've now ceased all financial contributions. This shortsighted tax policy has resulted in significant capital flight, depriving the country of valuable foreign investment and economic growth opportunities. The government's attempt to generate additional tax revenue has ironically led to a substantial loss of foreign capital inflow.

[@markwinter7511]

Bad corrupt governance leads to money and investment flight. The cadres are taking a long time to understand this.

[@cindyleehart1039]

Cadres dont have a braincell to realise. The leeson will not be learnt 😂😂stupidity has its own rewards.

[@christodebeer3645]

30 Years 👀

[@hellonomasonto]

They will never understand this these ones. As long as there's still some money coming in for them to take, they will continue. They will steal the very last penny in the till if they must.

[@thembelandesi4741]

Well done to them. 👏🏽👏🏽👏🏽

[@gregwochlik9233]

I'm trying to end my tax residency, but SARS appears to be highly incompetent. They are sitting over 2 years of my requrest to end my tax residency, with no feedback. I think they are trying to embezzel my pension fund to pay some cadre a sign-up bonus.

[@angrysocialjusticewarrior]

You could always compel them through a court order.

[@papretorius]

My financial emigration process took nearly two years as well, but once my tax agent filed a formal complaint, it was resolved very quickly.

[@R2VVH21]

Good for them.

[@gerryk101]

They will never learn If I had millions I'm leaving . Why pay tax if it's not used for improving the country and being used for corrupt individuals in government and supporting their extravagant lifestyles

[@godfreyberry1599]

Would do the same - big opportunity missed while the going was good.

[@christineschafer2274]

The answer is very simple.....people are sick and tired of paying taxes that are not being spent on improving infrastructure and the lives of the disadvantaged, but rather to enrich the thieving Politicians !!!!!!

[@sburger1146]

Thanks to the useless ANC

[@hazelpony5011]

Lol! All the real brains in this country have already left. Sometimes i wish this country would wake up

[@gladyssannahmthombeni6501]

Mandela said during his interview in Botswana "those who wants to go let them go "he has already seen that his government was everyone for himself

[@LifeStyleTechnologyZa]

Even with this GNU government SA will always be SA...no changes

[@user-ez9en7vk2z]

Cause t'is is AfricA!

[@truth-Hurts375]

Agree...I can see that in the comments section !!! DomDoos !!!

[@Magz-101]

So, is who are still here are fake brains?

[@monde1250]

Hard work in corporate is not appreciated in South Africa, one has to know someone, backstab someone, and be non-threatening to their less competent boss to move up whereas overseas you are rewarded for your efforts

[@Gpep-ku4ml]

More will leave now that they talking about wealth tax, why should you pay tax when you have to find work elsewhere. The government is short sited instead of adding to the gdp, people working outside SA rather take their families out the country because the tax is too much to pay. Now their kids don't go to school, no gym contracts, no garden service, no eating out, all these jobs that are lost because of financial immigration.

[@hilretteadams3944]

CORRUPTION!!! 😢

[@enocksekhoe5625]

Corruption is what is costing us ANC is Corrupt

[@NM1583-q5s]

But you still vote ANC😅😅😅

[@SK-fj7ws]

Tax is not used properly in SA. Look at Eskom , the state of our govenrment hospitals, the crime rate, the mismanagement of water , inefficiency of the police force and so on.

[@DanielleKoch-z1e]

No one should pay tax!

[@truth-Hurts375]

Kak praat nie !!! How did your one braincell figured that out??? DomDoos !!!

[@trevorvanzuydam8115]

Then the remaining residents get all sorts of new taxes to fill the gaps... Time to bail

[@wernerstapela4616]

The loss of skills is at least as damaging as the financial loss. That is where the multiplier effect occurs.

[@Filixhandikoshiwefeyara]

Thank you. Kindly edit and add more information to educate the masses. Most of us are grade 10's

[@wernerstapela4616]

@@Filixhandikoshiwefeyara I'm not trying to educate anyone. If you're referring to the multiplyer effect, it's simply a matter of skilled people transferring those skills (hopefully to a cohort), and/or leveraging their skills to create job opportunitites and improve efficiencies, through establishment of businesses/organizations. At the end of the day, more jobs in SA (or anywhere else) goes hand in hand with being competative. Even at current levels of employment, SA is rarely competative.

[@Filixhandikoshiwefeyara]

@wernerstapela4616 you have educated. So should foreigners go. I ask you. Not everyone

[@wernerstapela4616]

@@Filixhandikoshiwefeyara I'm not sure I understand the question. Skills are skills, whether among foreigners or locals, and the loss of those skills are a loss to everyoney, as I hope to have explained to some extent above.

[@Filixhandikoshiwefeyara]

@@wernerstapela4616 excellent

[@GlendaHayward]

The biggest challenge is this man calling me a European. Yes I am white but I am a white African. My son lives a better life overseas, as he was told he cannot get work here as he was to white and male. He has a degree and would be an asset to his mother country. But again he is to white and male. Until we overcome racial prejudice we will not develop as a nation. The meaning of racism 'prejudice, discrimination, or antagonism by an individual, community, or institution against a person or people on the basis of their membership of a particular racial or ethnic group, typically one that is a minority or marginalized.'

[@LifeStyleTechnologyZa]

Fortunately he is white in other countries, doubt if i will get a job overseas with my degrees and skin color

[@Tinker8531]

There is far more unemployment in other races many who also have degrees.

[@Njabulo-i2s]

Cry me a river.😂

[@penekedirero4636]

When did you change from European because that's what you called yourself during apartheid? so this gentlemen is not lying.

[@mariahkamogelomoloisane6276]

More people who are unemployed in South Africa are black, white unemployed graduates are just a drop in an ocean.

[@tearyb]

Why is he skirting the reason they are leaving. It’s obvious even to the ordinary layman. They do not feel secure

[@anineehlers]

It's really not difficult to ascertain why they are leaving South Africa and ending their tax residencies 😂😂😂

[@ĢàilBate-r3e]

And why do think people are immigrating? Why do you think we have this massive brain drain? And therefore the loss of tax in the country. It doesn't take much to figure it out, does it🤨

[@precophox]

I don't blame them.

[@Roosta-tq8uq]

Stop the grants for votes and stop taxing us for their laziness we rather pack up and pay tax in another country we're we can see where our taxes goes

[@andresmit9949]

We cannot find employment in South Africa because of bee

[@KatRSA]

We didn't have jobs during apartheid so what's your point?

[@andresmit9949]

@KatRSA the tax part arshall

[@KatRSA]

@@andresmit9949 baas, master, superior, boss. If you cannot acknowledge the crime's of the past, the disadvantage it caused, the subhuman conditions, the way it cut the majority from participating in the economy, the exclusion, than AirHole you need serious help! Isn't it better to have the majority contributing to the country? If you don't like things please catch a plane to oppression heaven,where you are free to be the baas, plantation owner and master

[@jenn1fermeyer468]

​@@KatRSAduring apartheid the taxes built homes and schools for you and many of the roads and cities

[@kalaharikreef7371]

@@KatRSAthat is why we voted ‘yes’. So that everyone has a fair chance. Should we have not? Ignorant fool.

[@peace6325]

There is something wrong with government. Difficult to assess? Really?

[@Japo29]

The tax in this country is just crazy 🤞

[@MrEvansjethro]

Try Canada, then you'd learn that perhaps you may be crazy.

[@Japo29]

@MrEvansjethro lol 😆 easy social media hero

[@Cruz9985]

The Nats charged 50%....

[@preciousisiguzo2052]

try sweden then come back and tell us

[@chileshemulenga8790]

​@@MrEvansjethrostop lying,check your figures

[@Vee347]

Now they will increase middle class taxes whilst a lot are losing jobs n we are not concerned.

[@african7498]

Keep pushing BEE and other anti policies. Clever CR. Wealthy people have options and they will simply move.

[@Martin-hg2zn]

I left 2005 South Africa.... corruption... corruption

[@MJG1017]

Create an economic environment productive Economy for economic growth, jobs creation, safety and security, service delivery , functioning infrastructure, functioning State , rule of law... but ANC has policies based on skin colours and other populist Communist agendas.

[@GlobalRevivals20]

They know something we dont know

[@GilbertEmeric]

I can answer. Have a look at the mismanagement and looting and bingo!!!!

[@TheJuryIsOut]

Given that the majority of cabinet ministers are ill equipped to handle even the most basic menial lowly paid jobs I'm afraid to say that Zimbabwe 2.0.beckons. One just has to listen to them; that's if you are able, to see just how incompetent and inept most are.

[@GerdaBoot]

It is not paying Pretoria it is paying South Africa!

[@sinzomal7986]

Socialism instead of capitalism. Now the chickens are coming home to roost.

[@monde1250]

Can we claim for paying private school? For security guards in estates? We pay for all these because government systems dont work

[@eunallmaharaj8583]

The tax payers are leaving...The none tax payers are entering South Africa illegally.....South Africa is now attracting foreign street vendors & barbers as far as Pakistan .

[@ronjoubert-bg4is]

Very good financial man well said sir

[@SimonThibushi]

Blame it on corruption

[@cliffardgerber3830]

You mean anc

[@bryanmntambo467]

How can you have yr money stolen & be subjected to pay tax😮

[@vuvufuzzy2594]

Bad governance, mismanagement, misuse and theft of the taxpayer's money, corruption and lawlessness are the main reason. I'm glad I don't have to pay SA taxes, yippee!!!

[@tkasiam8322]

Good for them...and a big welldone to them 👏

[@mahareng]

There is nothing debilitating me like this incapacity if SARD to enforce tax collection to soo many businesses of the assulum seekers who have sooo many businesses but not payng tax( evading by not registering as there are no inspectors visiting sites or CIPC is not working in collaboration with SARS😢...everone is a manufacturer: furniture, tanks, steel works, wraughtman,tilling companies,waterproffing, painting,builders, plumbers,electricians, refrigerator repairs, machines repairs, motor industries,freight services- goods....look at the trucks- buses interborders...in short- artisans, technicians,etc....lots if money laundering

[@MichaelVumile-jb3lb]

Exorbitant taxes of South Africa are the problem.

[@Magz-101]

This guest is clueless. SA applies the source-based system. Meaning, so long you are a resident you’ll be taxed on your worldwide income. Annually there’s a residents test and if you fail it then you are no longer a resident therefore you can’t be taxed on your worldwide income. They must get competent people as guests on these news rooms

[@Cruz9985]

Like wtf is this guy on about!!!!!!! We learnt this in bloody high school, and he is the specialist 😂😂😂😂

[@tsundzukashipalana8870]

I am shocked that he’s on national tv

[@wilsonmakgwale5153]

I'm shocked by the misleading information he is spreading, he reminds me of the fake economist Eugen Nyathi, these guests must be vetted by the media houses.

[@wilsonmakgwale5153]

I'm shocked by the misleading information he is spreading, he reminds me of the fake economist Eugen Nyathi, these guests must be vetted by the media houses.

[@lolasoares1464]

Malema should be happy to see the white monopoly capital go….bet his is gone long time ago. Wonder how much tax he pays 🤔

[@kamogelok5315]

Guess what? There's going to be more and more!

[@KatRSA]

Good News! If only they collected the R5m from all the spaza shops and salons owned by foreigners in the country needed to set up a business here!

[@Filixhandikoshiwefeyara]

R5 million is a lot. Spaza Shop and Saloons do not have such.

[@mr.blackzonrackz7055]

@Filixhandikoshiwefeyara then they shouldn't be open and be left for people for SAns to run them, they did before

[@Filixhandikoshiwefeyara]

@mr.blackzonrackz7055 my guy, we can connect and set you up into a business if you wish. South Africa makes it easier for south Africans to do business here than for outsiders. Your economic participation and competitiveness will see the foreign ones closing. This is your home ground. You are supposed to be playing and winning.. Problem is some locals complain and do not try to play. I am here as a foreign business operator and am keen to partner up with serious people who are willing to sacrifice. Everything that works needs risking and sacrificing

[@KatRSA]

@@mr.blackzonrackz7055 unfortunately our government doesn't take us serious and thinks we are fools but than again we are fools for supporting them

[@KatRSA]

@@Filixhandikoshiwefeyara law of the country. If you are a foreigner and want to do business in the country, you must have R5m

[@9m9ify]

I work for a US Company, I should also move my tax residence

[@fanusrust]

Soon I will be one of those people

[@bernardsehlako8376]

Good. I would do the same if I become a billionaire.

[@cliffardgerber3830]

I also leave SA. I sold my bussiness to BEE goverment sponsered genuis. They closed downed within 6 months. 80 people without jobs! 😂😂😂 Now they cry and beg me to re open. Enjoy your Zim.2.0

[@cally2011]

3b for 38k tax payers? Wild

[@mvubu6823]

1.4% of the population pay 58% of the tax

[@Romamsone32]

And in a generation it will be less than 0.5 percent of the population who pays the majority of the taxes. It’s totally unsustainable. The Super wealthy will either leave or they will split up the most profitable regions into smaller nations.

[@Ash_Hole-f7p]

High earners

[@samanthaholm9634]

They are gone now.

[@starlord481]

I am in Europe and would love to come back but the issue of D&I prevents this as jobs are next to impossible to be if you are not black african or white Female. Prior to leaving, the culture was you are stuck in a position until you leave, its the same now in sour africa if not worse. Its so sad that i grew up and studied in south africa and am not able to contribute tongue economy and yet i am doing so in europe with them never investing my education. Racial policies in the work place was taken too far witht the backdrop of government requirements. Big Corporates are part of the blame here

[@nathishange1733]

Very insightful interview

[@AsylumCom]

Singapore Has done more with less.

[@ralph7676]

Just stationary use by government guess how Much? 3 Mil. Yes. Now. Why is it always politicians all over the world ending up richer than the citizens? Greed

[@ishiebooi]

Government has the capacity to reduce the security and stability issues as well. Remember, most of the people moving abroad are over 35s who are fathers and mothers too, so this impacts on future population growth.

[@Filixhandikoshiwefeyara]

You have sense

[@francigabade2358]

ZA's GDP grew by only 0,3 % in Q4,Elon Musk's net worth is now bigger than that of his birth country ,how so?

[@juliannxumalo6024]

Corruption

[@Relaxingpeacefulcalming]

Redge Nkosi if government intervention is so desperately needed, name one globally known export product the ANC government has produced...?

[@clcasperjonker1594]

I should have left in 2005, as a believer in positive mentality i have lost my positive mentality along the line.

[@harmtimmerman9309]

The politicians offer a nothing burger

[@Relaxingpeacefulcalming]

Marx was an amateur that wrote and sold books for a living... a philosopher... meanwhile free market capitalism has created unemployment of 4%, South Africa, Namibia, Cuba and everyone else that uses Socialism and that places government ahead of the private sector has struggled.

[@sanybee4652]

I too can't wait to leave this brutal tax regime. As youth in this country, I feel like a financial slave SARS is a bottomless pit. Imagine having to pay for private education, security, medical aid for the same services you are being overly taxed for. Our generation of youth is the most neglected and abused. I honestly won't think twice to jump ship.

[@diatilenthoba8262]

This guest is not South African.

[@african7498]

If you earn overseas but live in SA? If you stay more than 180 days in SA you become a tax resident and need to declare worldwide income?

[@Relaxingpeacefulcalming]

Print money and hate the free market, it is the same old song.

[@phillipjacobus5197]

Is why we leave😂,the country will fall soon

[@nakedikhei7883]

My fellow South African taxpayers are 31 years late - they should have moved their assets on the eve of New South Africa and it's cookie jar accounting

[@vintageClipsZa]

People are moving to a tax free countries...

[@nicsolani1534]

I had no SA income for 9 years thus I was paying tax elsewhere not SA

[@onkerudah5619]

Proudly South African here, Oh I just have to say that this is music to my ears, I wish more people will move into the direction of moving their tax residency. By 2030 they'll be trying to tax us even for farting...

[@BatsiraiMusuka]

Gayton told them abahambe🙈 Sorry l just couldn’t resist

[@mondliedwin4857]

From New Dawn to New Dusk

[@neermalapillay8016]

Billions a lot of money yet people are struggling

[@sakhile789]

This flight of currency has been exacerbated since we had Ramaphosa as our president, it's sad to watch how they expect to afford while the poor don't, can't wait for that day 😅

[@lolasoares1464]

Get the tax from ANC, MK and EFF supporters now !

[@KatRSA]

Tax the companies and people that benefitted from the oppression that happened to the majority

[@samanthaholm9634]

​@KatRSA I see you are a R370. 34 years has passed. You are obviously the eternal victim. You live in the past. I will work in the present and never forget the past.

[@Calibandream]

our country is going backwards fast. High taxes with no meaningful service delivery or infrastructure development or maintenance. It's all corruption and ineptitude from cadre deployment. You get so little from government for the taxes you must pay. No foreign investment coming into our country either. That's why the wealthy and educated are leaving in their masses! It's so difficult to grow and foster wealth in SA, I don't blame them. Life is only going to get even harder while Cyril sleeps.

[@DJ13854]

I’m surprised we have 1700 billionaires in SA

[@veronical182]

I'm sure they mean those that earn over 1 million in a tax year.

[@truth-Hurts375]

​@@veronical182R1mill/year is fokol!!! DomDoos !!!

[@DumisaniMosesDube]

This guy is clueless on the Income Tax Axt. He has no clue on tax residence

[@R2VVH21]

Tax mast stop

[@gregwochlik9233]

He has no clue of history. He said that Germany implemented some policy in 1933. To those who don't know history, there was a certain moustached angry man leading Germany to war at the time. What BS is the selling.

[@SK-fj7ws]

Small businesses are not growing due to the Extreme tax rates, so the entrepreneurs leave.

[@deancoetzee500]

Less money for these thieves.

[@gladyssannahmthombeni6501]

Most of those tax payers were created by the old government. Still waiting to see how many were created by ANC.they created new post. Mnakwethu and sithembu never encountered encourage young one to study for better life. But encouraged them to look good to attract wealthy married man

[@gibson2675]

Moved to Burkina Faso. Very low tax rates

[@BrilynnVanRooyen]

SA should invest in real growth here by investing in real talent and not friends and family who waste he money and don't know what to do with the money. The best and most innovative people wont qualify with the banks so they are lost and the ones who study have no clue about real entrepreneurship. Government policy is done by clueless people so its not on the right track. Look at the entertainment sector for example. You have a Grammy winning artist who ow Sars millions. Success should not be the goal without proper development and growth. The wrong people are in the right positions so it will flop.

[@DavidRobertLewis]

Consquence of High taxation rates, we should be attracting taxpayers.

[@reasonably_satisfied]

Honestly whats the point of paying such high taxes when there are no benefits, or evidence that taxes have been used effectively. Also btw to everyone saying "you wont see what taxes are used for because you live in good neighbourhoods etc. etc." what exactly has government done in poor areas? the Johannesburg CBD (which I regularly commute through) is pretty bad and is getting worse, same goes for townships where some of my family stays in Johannesburg South. Also high taxes arent just given to people earning millions, if get a salary where you earn say 45k per month you'll get taxed pretty badly.

[@ddppporigenal]

In the United States many companies get major tax breaks and loans for hiring the poor. But as as soon as the companies get the money they look for reasons to fire those same people they got paid to hire. Then look for another poor employee to get the same tax break. So they never pay for most of their staff. Many wealthy people get tax breaks on every dime they spend. Even on high ticket items like luxury cars, Beach front land, and jewelry. The true tax payer are paying for everything with no tax breaks. It's a wicked game.

[@anelemsimang5692]

This jurnalist asking 1st grade questions. But the real answer to this is everyone can see that SA is slowly becoming a failed state

[@Cruz9985]

South Africa has always been a failed state FOR YOUR PEOPLE, THE BLACK PEOPLE.... dont fool yourself....