South African expatriates have until now enjoyed a “183/60” tax exemption in respect of foreign income.
That will change with new legislation recently passed, and forward planning is important here. So if you yourself aren’t a working expatriate but know someone who is (a relative, friend or colleague perhaps) please think of passing this article on.
We look at what the changes are, whether they will affect you, when they will take effect, and what you can do about it. We end off with some thoughts on how this is likely to impact on employers, and on the country generally.
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