The Resource Foreign income legislation affects South African expatriates

Foreign income legislation affects South African expatriates

Label
Foreign income legislation affects South African expatriates
Title
Foreign income legislation affects South African expatriates
Creator
Subject
Language
eng
Summary
The increase in global mobility assignments and employment is resulting in more cross-border employment activity for South African tax residents. Some international assignments turn into longer-term assignments and ultimately to localisation in the host country such as Australia. A recent legislative amendment to the South African Income Tax Act No. 58 of 1962 impacts the foreign remuneration exemption South African taxpayers made use of when rendering services cross border. This amendment will see many South African nationals working abroad ascertaining their tax residence positions and possibly considering financial emigration. This may result in a number of outbound expatriate employees ceasing to be regarded as South African tax residents and, in certain instances, exchange control residents. This article discusses who will be affected and how they will be affected. This article includes the impact of the amendment for the employer as well as the personal income tax considerations for the South African tax resident individual
Citation source
In: Taxation in Australia. - Sydney. - Vol. 53 (2018), no. 2 ; p. 74-76
http://library.link/vocab/creatorName
Mohan, S
Geographic coverage
Africa
Language note
English
http://library.link/vocab/subjectName
  • residence
  • working abroad
  • expatriate
  • remuneration
  • exemption
Label
Foreign income legislation affects South African expatriates
Instantiates
Publication
Label
Foreign income legislation affects South African expatriates
Publication

Library Locations

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      52.37366609999999 4.9336932
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