Draft Interpretation Note: foreign employment income

Resource Information

The work Draft Interpretation Note: foreign employment income represents a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation. This resource is a combination of several types including: Work, Language Material, Continuing Resources.

Label

Draft Interpretation Note: foreign employment income

Contributor

• Silke, J
• Stretch, R

Subject

• employment income
• foreign source income
• exemption
• residence principle of taxation

Language

eng

Summary

This article discusses Draft Interpretation Note no. 16 (issue 2) (Exemption from income tax: foreign employment income) which incorporates the changes made in terms of s 16(i) to (m) of the Revenue Laws Amendment Act 35 of 2007 to s 10(1) (o) (ii) of the Income Tax Act 58 of 1962 which are effective as from the commencements of years of assessment ending on or after 1 January 2008. South Africa's change from a source basis of taxation to a residence basis of taxation resulted in the worldwide income of South African residents being subject to normal tax in the Republic

Citation source

In: Taxgram. - Durban. - (2008),

Geographic coverage

Africa

Language note

English