Many African countries have recorded excellent gross domestic product (GDP) rates in excess of six percent in recent years and with their vastly youthful populations are attracting myriad multi-national firms that foresee these economies as presenting the next massive global growth opportunity.
One of the greatest concerns that plays on the minds of many South African expatriates and employers in Africa is that one day SARS will coming knocking to demand its massive 19% tax payment.
Mozambique has been a central point in the oil and gas industry and expected to be the next top economic performers in Africa, due to the potential income from its vast quantity of natural gas off the coast of northern Mozambique a decade ago.
South African expats are already on the SARS radar due to the amendment of the expatriate tax law, however rotational workers which are those working on a schedule where a portion of their year is spent at work outside SA and a portion at home for “rest” inside SA are now being specifically targeted by […]
Rotational Workers – The Victims of 01 March 2020 Expatriate Tax Having just returned from visiting South Africans in remote locations in the Democratic Republic of Congo, Zambia, Oman, Qatar, Saudi Arabia, UAE etc;
With the effects of COVID-19 hitting the National Treasury where it hurts the most, in the pocket; SARS has introduced auto-assessments. This means tax returns will be completed automatically on behalf of the taxpayers using third-party information.
With the first provisional tax payment being due on 31 August 2020, there is some confusion regarding whether expatriates are deemed to be provisional taxpayers by the South African Revenue Service (SARS) or not.
Having just returned from visiting South Africans in remote locations in the Democratic Republic of Congo, Zambia, Oman, Qatar, Saudi Arabia and the UAE, one gains an appreciation for expatriates living in these locations.
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