South Africans working abroad to pay more tax

PUBLISHED: Thu, 30 Jan 2020 11:30:41 GMT


South Africa’s expat tax comes into effect on the 1st of March, the new tax regulation will require South Africans working overseas to only be exempt from paying tax on the first R1-million that they earn and the rest of their earnings including all fringe benefits will be taxed. Joining CNBC Africa for more is Tim Mertens, Chairman of Sovereign Trust.

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.