South Africans working in countries such as the United Arab Emirates and earning more than R1-million will have to pay more income tax than they were previously because of amendments to tax laws.
At the heart of expat concerns is an amendment to an exemption from paying tax on income earned outside South Africa. They hope to petition Parliament this year to get it to re-examine the change. The change in the law — dubbed the “expat tax” although it is not an actual tax — will come into effect on March 1 2020.
“The context is that this is the general trend in South Africa and around the world to tighten a tax loophole and ensure that people are treated the same from a tax point of view,” said Dudley.
Yes, and one man running an agency is paying 45% as well as PAYE on his staff salaries. sarstax is fraudulent in this regard and no amount of complaints is helping. You cannot tax already taxed money.
🤬🤬🤬🤬🤬🤬🤬🤬
Working for the state I see
Tax the job creators out of the country. Clever nê.
African_Spring The country of passengers living of the labour of others. Atlas will shrug.
And how much is company tax 🤔
MasiphulaM Well that's the theory, but I suppose, as elsewhere, many big companies are squirreling their incomes away in tax havens to avoid paying SA income tax? Compare and contrast with a land tax which can't flee the country.
I believe everyone should be taxed the same a flat rate of 15% earn your keep
Why
Ridiculous
Misleading headline,mxm.....
. Does these tax rates apply to politicians as well?
And you get nothing for the tax when most is stolen. Best to give back the passport - it’s worth little anyway.
How do you not look to other countries
So less? This must be 50% on R500k plus earnings
It I were you I'd report the effective tax rate but I get it, you have a point to prove
And then they complain about skills drain by first world countries.
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