Employers sending South African employees on extended foreign secondments face various practical challenges and tax residency is one of them. The challenge also arises on emigration of South African citizens.
With the foreign remuneration exemption changing from 2020 it is imperative that companies as well as employees and individuals are aware of the tax consequences on foreign employment and emigration.
These consequences go beyond normal income tax and PAYE, and will affect capital gains tax, estate duty as well as certain withholding taxes. This session is aimed at explaining these consequences.
Join us in this session, where we will understand the tax consequences of foreign employment as well as legal emigration from South Africa.
Our upcoming webinar will focus on aspects including:
• Determination of tax residency
• When do you cease to be a tax resident?
• Determination of legal residency
• When do you cease to be a legal resident?
• Consequences of remaining a tax resident after emigration
• Consequences of ceasing to be a tax resident after emigration
• The ping-pong effect on tax residency
• Exchange control consequences of leaving South Africa
This session is beneficial for individuals who are employed outside of South Africa as well as their employers. Tax practitioners and anyone else who are interested.
