Available Course

(Afrikaans) Tax Residency: Expat taxes and foreign income

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Duration: 2
CPD Hours: Attendance at this seminar will secure 2 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
Course Facilitator: Corlia
T:  011 886 1395
E:  gillian@probetatraining.co.za

“Expat” tax has become the buzz word when talking about the taxation of individuals working abroad. Many taxpayers are wondering what opportunities await them outside of South Africa, and what the tax implications would be if they decide to spread their wings. This course is the second in our two-part tax residency series, and aims to clarify the tax treatment of the income of taxpayers working abroad – whether they remain tax resident or not. Disclaimer: Neither ProBeta Training nor the presenter is registered as a tax practitioner, and the purpose of this course is to convey important legislative and practice information that relate to the matters covered in the content. We do not hold any of the information in our courses out to be formal or expert tax advice or opinions. Please take note that tax residency remains a highly specialised field, and it is advised that formal advice be obtained from a tax advisor or practitioner before making a final decision on your tax affairs.

This session will cover the following: • Brief overview of the difference between ceasing to be tax resident and merely working abroad • Income that qualifies for a tax exemption for taxpayers that remain tax resident but work abroad o Qualifying criteria for the exemption o Determination of the exempt amount o Completion of the VAT return o Responsibilities of the employer • Income that remains taxable in South Africa even when an individual ceases to be tax resident (source income) • Foreign income that is taxable in South Africa for individual resident taxpayers o Translation of foreign amounts (including CGT) • The impact of double tax agreements on South African source and foreign source income • Rebates available for the relief of double taxation • Brief overview of withholding taxes and other tax implications of cross-border transactions

All taxpayers working abroad or anticipating to do so, taxpayers who have ceased tax residency or intend to do so, and tax professionals assisting them with their tax affairs.