South African Treasury takes aim at expats

 

Header Image

In last years budget, Minister Pravin Gordhan announced a number of changes designed to cover a R30 million income tax deficit caused by amongst other factors, slower growth in wages and employment.

One such proposed change was the introduction of a worldwide income tax for South African nationals working in a foreign country and earning over R1m where they aren't taxed locally.

Thousands of South African expats in Qatar are now asking the question;

What does this mean for me?

With this tax set to take effect in 2020, you must act now. Download your free e-guide to protect your savings from political and economic uncertainty

Download your FREE e-guide to discover the facts all South African expats need to know NOW

         
Brochure Image
Recent News

Go Back >>

 

*Source https://www.oldmutualwealth.co.uk/advice-matters/w... This material is for information purposes only and does not constitute an invitation, offer or solicitation to engage in any investment advice or recommendation, or an offer of solicitation for a transaction in any financial instrument. The material may not be suitable for you, and you should therefore always seek professional independent financial advice before making a decision to invest in any product. The information provided and contained in this promotional material is believed to be reliable as at date of issue, but is subject to change without notice and makes no representation as to the completeness or accuracy of the information or of any opinions expressed.