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Thread: How to legally pay zero tax? Serious question.

  1. #11
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    I'm actually Bulgarian and I came here with my parents, didn't have much of a choice as a child when they decided to move here and I love SA, I have practically spent more of my conscience life here then in Bulgaria.

    I've got two people in mind that I believe can help you, one has a company and the other is a private person, let me know if you would like me to PM you their details
    ---There is no traffic at the extra mile---

  2. #12
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    Tax ombudsman is not active yet.

    So no one on the forum can provide me with public info on how to avoid tax if you are not residing in SA?

  3. #13
    Site Caretaker Dave A's Avatar
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    The general principle is non-residents are taxed where you're making your money - but it's nowhere near as simple as that when you get into the detail. For example there was a piece of news not that long ago that countries in Europe are not getting any taxes from Amazon's sales into Europe and the UK - they're being taxed in the USA.

  4. #14
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    Quote Originally Posted by Nickolai Naydenov View Post
    If it is a pension or provident fund you have to resign from your work, if it is RA you can't touch the money up until you are 55 at least or if you have or if you have less than R7000, but from what I understand you didn'd do any of these that's why I said I'm keen to know.
    On formal emigration wtd will be allowed to cash in his RA - no need to wait for 55, this law changed in 2008! He can cash in RA.

    wtd's problem remains to be an issue- see the blog

    The R4m is not the absolute maximum, the amount can be increased to R4m plus value of title deed and for the expansion of the current SA business to foreign country there is R500million (yes you read correctly) available and the current company changes in the a local hold co only with no or little tax.

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