South Africans working and living abroad are preparing for new amendments to the Income Tax Act, set to come into effect from 1 March 2020.
The amendments will effectively introduce an ‘expat tax’, meaning that South African tax residents working internationally will only be exempt from paying tax on the first R1 million they earn abroad. Thereafter they will be required to pay tax on any foreign earnings.
This has led to concerns that some workers will be ‘double-taxed’ by both the South African Revenue Service and the tax authorities where they currently work.
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