Five questions about SA’s upcoming expat tax answered
From March 2020, Sars is changing the rules for South Africans working abroad; here’s what you need to know
From March 2020, many South Africans living and working abroad will find themselves at the centre of new tax legislation.
Aimed specifically at anyone earning more than R1m a year while working abroad, the legislation will see them pay up to a 45% marginal tax rate on anything they earn over and above that first million. This so-called “expat tax” has many worried, raising serious questions among the millions of South Africans living and working abroad.