Expats and Employers: Plan Now For the New Expat Tax Changes
South African expats earning foreign income face tax changes from March 2020. Currently, foreign remuneration is tax-exempt if you work abroad for over 183 days (including 60 consecutive days) in a 12-month period. This exemption will be capped at R1 million annually. "Tax residency" is key; consult a professional to determine your status, as "tax emigration" and "financial emigration" are complex. Don't make changes without expert advice. Plan now to avoid future tax surprises.