Following the most recent presidential address, it is clear that South Africa’s borders are going to remain closed for non-essential travel, at least for the time being. This being among the plethora of commitments and measures put in place to prepare for the spread of the coronavirus and save lives. South Africa is not alone…
INCLUDING CHANGES FOR CARS, THE CURFEW AND WORKERS Government has published more than a dozen new directives around South Africa’s lockdown regulations since the official introduction of level 4 restrictions on Friday (1 May). These directives seek to clarify issues around the new restrictions as well as how the new rules will impact specific sectors…
Here comes the rain again With 1 March 2020 being the sunrise of the expatriate tax, the first tax payment will become due 31 August 2020. With the first provisional tax payment being due on 31 August 2020, there is some confusion regarding whether expatriates should be provisional taxpayers or not. This confusion is, of…
SOUTH AFRICAN EXPATRIATES The amendment to the expat tax exemption that came into effect 1 March 2020 will have a tremendous impact on both employers and employees respectively. We have consulted with some of the largest corporate groups in South Africa as well as in places such as Democratic Republic of Congo, Mauritius and the…
South Africa Bleeding Skills Not surprisingly, there has been an outflow of South Africans in recent years for various reasons, a top reason being the punitive “expat tax” regime promulgated in December 2017, and effective 1 March 2020. Financial emigration being the main process being used to avoid this tax, as it placed one formally…
In December 2017, the change to the foreign employment income exemption was promulgated into law. This has widely become known as the “expat tax”. The exemption at that point was capped at R1mil, meaning that South African tax residents earning foreign employment income above this threshold would no longer be exempt from tax in South…
Amendments to the Income Tax Act will soon see all South Africans working outside the country’s borders contribute to the fiscus from 1 March. Currently, South Africans working outside the country’s borders for more than 183 days are exempted from paying tax to their home country. The amendment will now see a cap of R1…
South African legislation governing expatriate tax exemption is set to change dramatically from 1st March 2020, affecting South Africans worldwide. This includes anyone who has permanently settled in another country. Those who do not comply with the new requirements face stiff penalties and risk up to two years in prison. To help expatriates understand their…
Thousands of South Africans will be impacted by new amendments to the Income Tax Act which will come into effect from 1 March 2020, says Nicolas Botha, a senior financial emigration specialist at Tax Consulting SA. Speaking in an interview with 702, Botha said that South African tax residents who render services outside the country…
An amendment to the Income Tax Act will bring considerable change to the expat landscape as from March 1, 2020. Jean du Toit and Jonty Leon are the technical editors of the publication “Expatriate Tax – South African Citizens Working Abroad and Foreigners in South Africa”. Amendments to the Income Tax Act are due to…
