Tax

How PAYE and foreign tax credits work with the change to the exemption contained in the Foreign Income Exemption section 10(1)(o)(ii)

The changes made, from 1 March 2020, to the exemption provided to South African tax residents who are in employment out of the country has a big impact on employees and their South African employers. This article aims to clarify what companies need to understand in order to ensure that they comply with the changes in legislation so as to deal with PAYE correctly.

Tax advice for success: The tax man can give as much as he takes

Offshore holdings: what to do when SARS comes knocking

In line with its pledge earlier this year to increase its focus on wealthy individuals and offshore holdings, the South African Revenue Service (SARS) has started contacting South African taxpayers with financial accounts abroad to request information. The aim is to see how much has been disclosed in prior tax returns and to assess any underpayments.

Taxing times for expats