In the National Treasury’s latest published Draft Tax Bills, which incorporates the tax proposals made in the 2021 Budget, the amendment proposes a particularly worrying amendment which may upend taxpayers’ carefully planned retirement. The Draft Taxation Laws Amendment Bill (TLAB) proposes an additional “exit tax” to tax retirement fund interests of individuals when they cease South African tax residency. This proposed amendment, due to come into operation on 1 March 2022, would be a further blow to emigrating South Africans wanting to cease their tax residency, following on from the three-year lock-in rule imposed on retirement annuities earlier this year.
Emigration Tax? ANC Regime to Charge Emigrating South Africans an Additional “Exit Tax” on Retirement Funds!
Whites Excluded by Law in South Africa! Even Emergency Covid19 Relief Funds Withheld from Whites by the ANC Black Majority Government!
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“THE STRUGGLE” for Black Supremacy: The ANC regime have officially become what they allegedly fought against, by legislating race based regulations! Despite legal challenges, the Department of Tourism has announced that it’s controversial “if you are white, you are out” assistance package, of R1, 2 Billion is to proceed and whites will officially be excluded!
Accusing the ANC of Black Supremacism, Dirk Hermann of Solidarity Trade Union has said that race – only giving opportunities to black people – is clearly a super right in South Africa, which is not even subjected to any lockdown.
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