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Double tax may be on cards for South Africans who work overseas

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(iStock)
(iStock)

Johannesburg – If planned new legislation goes through Parliament, South Africans who work overseas could be taxed locally for foreign earnings from March 1 2019.

This comes as National Treasury plans to repeal a tax exemption on income earned by South Africans working overseas.

Treasury issued two draft bills for public comment on Wednesday. The bills, the 2017 Taxation Laws Amendment Bill and the 2017 Draft Tax Administration Laws Amendment Bill, give effect to tax proposals announced on February 22 by former finance minister Pravin Gordhan at the 2017 National Budget, explained Yanga Mputa, chief director legal tax design.

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