The upside of being generous for a taxpayer is usually a corresponding deduction for tax purposes, to the extent that the taxpayer can show a receipt for a donation made to a public benefit organisation (“PBO”) in terms of section 18A of the Income Tax Act.
On 1 February 2020, SARS released an exciting media statement, indicating that the revenue authority has embarked on a journey to reinvent SARS. With the power of technology and with the right people, SARS hopes to build an organisation that will provide a world-class service to the compliant taxpayer, but one that will be equally […]
South African legislation governing expatriate tax exemption is set to change dramatically from 1st March 2020, affecting South Africans worldwide. This includes anyone who has permanently settled in another country.
Thousands of South Africans will be impacted by new amendments to the Income Tax Act which will come into effect from 1 March 2020, says Nicolas Botha, a senior financial emigration specialist at Tax Consulting SA.
An amendment to the Income Tax Act will bring considerable change to the expat landscape as from March 1, 2020. Jean du Toit and Jonty Leon are the technical editors of the publication “Expatriate Tax – South African Citizens Working Abroad and Foreigners in South Africa”.
The impact of the future tax treatment of income earned by South Africans while they are living and working abroad has been widely publicised. It has also contributed to the first publication of its kind that deals with the tax considerations of South Africans abroad or those with international interests, and foreigners working and living […]
The role of job evaluation, also referred to as Job grading is still poorly understood in the corporate sector. Job evaluation give companies the information they need to fairly, accurately and competitively determine the salaries of staff – amongst many other functions, says Janine O’Riley, Psychometrist & Reward Specialist at Remuneration Consultants.
There are extremely good reasons for South African expatriates and their employers to be deeply confused and uncertain on “the expat tax”. There are simply too many differentiating views in the market, often punted from a conflicted business perspective. What aggravates this the vast number of professionals, and even expatriates themselves, who believe that tax […]
With the effective date drawing closer, South African expatriates and their employers have little time to come to grips with the looming “expat tax” and how it will affect them when it comes into effect on 1 March 2020. Those who fail to understand this tax amendment that will bring considerable change to the South […]
Remuneration Consultants is sponsoring this year’s SARA Connect Conference at the Wanderers Club in Illovo, Johannesburg. This promises to be another highly acclaimed event, with top quality speakers covering relevant and current topics in the remuneration and reward fields.
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In the News
- NEWS | ONE GOOD TURN: DONATIONS MADE AT FUNDRAISING EVENTS02/19/2020 - 08:21
- NEWS | SARS REIMAGINED – TAX DODGERS TAKE NOTE02/06/2020 - 16:03
- NEWS | TAX D-DAY IS HERE: SA EXPATS IN FOR A BUMPY RIDE WITH SARS01/16/2020 - 09:14
- NEWS | SOUTH AFRICA’S NEW EXPAT TAX ‘A SCARE TACTIC – EXPERT’01/15/2020 - 08:35
- NEWS | EXPAT TAX: COUNTDOWN TO IMPLEMENTATION KICKS OFF01/08/2020 - 08:36
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