Expats have until now enjoyed a tax exemption in respect of foreign remuneration earned, provided they meet requirements as to time periods worked overseas. The exemption will however be partially removed with new legislation recently passed.
We look at current requirements for exemption, what the new restrictions on the exemption will be, whether they will affect you, when they will take effect, and what you should think of doing about it.
Note: If you yourself don’t employ a working expatriate, or if you aren’t yourself an expat but you know someone who is - a relative, friend or colleague perhaps - please think of passing this article on.
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