PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
Barry Pretorius111
 
Comments: 0
Article views: 1049
 
 
 

South African expatriates tax petition group

17 March 2017, 11:39

Dear Fin24,

There is a wide misconception in South Africa that living in a tax free country is financially profitable.

To the contrary, not only is the cost of living high in comparison, but is also structured in such a manner to ensure that up to 70% of income earned is injected back into the country's economy.  

For example, a typical one bedroom apartment will rent in SA for approximately R6 000.00 per month. A similar apartment in the UAE could cost R35 000.00 per month. And there is little freedom of choice to find alternative lower priced accommodation in a predominantly locally controlled housing market. 

To name education fees. A six year old scholar's school fees can run up to R140 000.00 per year. 

There are also many forms of tax such as on imported foods built into the overseas systems which are not VAT. A tax system, based on SA tax scales, and current deductions would not "financially inconvenience" SA expats, it would place us in a position where we simply could not afford to pay the South African taxes.

We, as expats, are a mixed group of all ages/race/gender from young workers seeking international experience to older people trying to build some retirement funds as we do not have or receive pension funds abroad and must save our own.

Many of us cannot find work in SA. However, we still contribute to the economy.

A SA worker coming abroad, under SA tax law, can claim a tax deduction of  USD 190.00 per day. In the UEA it is a equivalent of R71 250.00 per month, which is a clear indication that SA recognizes the high costs of being abroad.

Under current SA tax laws if we were to be taxed, as expats, on our housing allowances/ schooling allowances on SA tax scales, we would be in the high tax brackets 

This is not our home. Our intent is mainly to return to SA. Our accommodation abroad is not our primary residence. It's a place of doing business. 

We need the tax laws to include exclusions on foreign income earned. This is more complex than just changing Section 10.1 the "183 day" article.

The South African Expatriates Tax Petition Group was founded to advance the interests of South African Expatriates earning income outside of South Africa and who might become liable under new legislation to pay more taxes. The group will focus on informing expatriates on developments in the promulgation of this legislation and provide a forum for expatriates to act as a uniform front to oppose legislation which might put them at an unfair disadvantage.

https://www.facebook.com/groups/259663141112093/?ref=group_cover

.

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

 

Read more from our Users

Submitted by
Graeme Long
The new battle lines of SA: Urban...

First it was British vs Boer, then black vs white, now it’s urban modernists vs rural African traditionalists.  Read more...

0 comments 1242 views
Submitted by
Sipho James Xesha
Initiation a sacred ritual

Speaking as umXhosa, the current (June) month is the season for orthodox spiritual orientation of the young Xhosa male. No other point in the celestial calendar marks this auspicious socio-spiritual occasion but this one. Read more...

0 comments 140 views
Submitted by
Khaya Tyatya
Transformation is an integral par...

The MTT would have failed in its task if it does not come up with a clearly articulated, practical and “unapologetic” human resource development plan that will fundamentally transform the university system in the next five years and beyond. Read more...

0 comments 197 views
Submitted by
Sane Sunyshine Sihiya
Mmusi Maimane: Do you have power?

I judged you. I felt, you were being silly! Cheese boy vibes. Those educated sounding blacks who speak English very well and sound absolutely smart at the expense of trading in their identity. Read more...

0 comments 216 views
Submitted by
Budiriro Peter Moyo
Hunting for radical economic tran...

It is one of the most famous statement of our current time in South Africa right now - Radical Economic Transformation (RET). Yet elusive to those that seek it. A political gimmick? What does it mean? Read more...

0 comments 135 views
Submitted by
Sanele Sano Ngcobo
All South African cars should hav...

Make it illegal for any civilian car to have a maximum speed of 120km/h. As soon as the cars are manufactured or imported to SA, they should have a maximum speed of 120km/h. Read more...

0 comments 304 views
 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

TV Get us in your home, on your television.

 
Interactive Advertising Bureau
 
© 2017 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.