{"id":196142,"date":"2021-02-01T14:32:53","date_gmt":"2021-02-01T12:32:53","guid":{"rendered":"https:\/\/wereldwyd.co.za\/pres-ramaphosa-ratifies-the-new-three-year-tax-rule-for-expats\/"},"modified":"2021-02-01T14:32:53","modified_gmt":"2021-02-01T12:32:53","slug":"pres-ramaphosa-ratifies-the-new-three-year-tax-rule-for-expats","status":"publish","type":"post","link":"https:\/\/wereldwyd.co.za\/en\/pres-ramaphosa-ratifies-the-new-three-year-tax-rule-for-expats\/","title":{"rendered":"Pres. Ramaphosa ratifies the new three-year tax rule for expats"},"content":{"rendered":"<p>Pres. Cyril Ramaphosa ratified this new tax law on 20 January. It stipulates that South Africans who wish to emigrate may only withdraw a lump sum from their retirement annuities and some preservation funds in South Africa three years after they are no longer taxable in South Africa.<\/p>\n<p>However, a single concession was made: Those who submit their emigration applications before 28 February 2021 have until 28 February 2022 to obtain approval for the withdrawal of a lump sum according to the old rules. This concession is welcomed, as many potential emigrants are still experiencing delays in obtaining the necessary permits and a travel ban in the country they emigrate. International flights are still very expensive and not freely available.<\/p>\n<p>This means that South Africans who work abroad but still have retirement investments in South Africa have only one month left to apply to emigrate financially.<\/p>\n<blockquote><p><strong>ALSO READ: <\/strong><a href=\"https:\/\/www.wereldwyd.co.za\/die-driejaarreel-en-wat-dit-beteken-vir-suid-afrikaners-wat-die-land-verlaat\/\" target=\"_blank\" rel=\"noopener noreferrer\">The three-year rule and what it means for South Africans leaving the country<\/a><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pres. Cyril Ramaphosa ratified this new tax law on 20 January. It stipulates that South Africans who wish to emigrate&#8230;<\/p>\n","protected":false},"author":214,"featured_media":174581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[801,800],"tags":[],"class_list":["post-196142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-and-migration-news","category-news"],"taxonomy_info":{"category":[{"value":801,"label":"FINANCIAL AND MIGRATION NEWS"},{"value":800,"label":"News"}]},"featured_image_src_large":["https:\/\/wereldwyd.co.za\/wp-content\/uploads\/2024\/10\/pexels-photo-2385569-1024x666.jpeg",1024,666,true],"author_info":{"display_name":"Sue-Ann de Wet","author_link":"https:\/\/wereldwyd.co.za\/en\/author\/sue-ann-de-wet\/"},"comment_info":0,"category_info":[{"term_id":801,"name":"FINANCIAL AND MIGRATION NEWS","slug":"financial-and-migration-news","term_group":0,"term_taxonomy_id":801,"taxonomy":"category","description":"","parent":800,"count":200,"filter":"raw","term_order":"0","cat_ID":801,"category_count":200,"category_description":"","cat_name":"FINANCIAL AND MIGRATION NEWS","category_nicename":"financial-and-migration-news","category_parent":800},{"term_id":800,"name":"News","slug":"news","term_group":0,"term_taxonomy_id":800,"taxonomy":"category","description":"","parent":0,"count":494,"filter":"raw","term_order":"0","cat_ID":800,"category_count":494,"category_description":"","cat_name":"News","category_nicename":"news","category_parent":0}],"tag_info":false,"jetpack_featured_media_url":"https:\/\/wereldwyd.co.za\/wp-content\/uploads\/2024\/10\/pexels-photo-2385569.jpeg","fimg_url":"https:\/\/wereldwyd.co.za\/wp-content\/uploads\/2024\/10\/pexels-photo-2385569.jpeg","_links":{"self":[{"href":"https:\/\/wereldwyd.co.za\/en\/wp-json\/wp\/v2\/posts\/196142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wereldwyd.co.za\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wereldwyd.co.za\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wereldwyd.co.za\/en\/wp-json\/wp\/v2\/users\/214"}],"replies":[{"embeddable":true,"href":"https:\/\/wereldwyd.co.za\/en\/wp-json\/wp\/v2\/comments?post=196142"}],"version-history":[{"count":0,"href":"https:\/\/wereldwyd.co.za\/en\/wp-json\/wp\/v2\/posts\/196142\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wereldwyd.co.za\/en\/wp-json\/wp\/v2\/media\/174581"}],"wp:attachment":[{"href":"https:\/\/wereldwyd.co.za\/en\/wp-json\/wp\/v2\/media?parent=196142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wereldwyd.co.za\/en\/wp-json\/wp\/v2\/categories?post=196142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wereldwyd.co.za\/en\/wp-json\/wp\/v2\/tags?post=196142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}