This session aims to break down the core concepts of international transactions into simple language for individuals. This session will cover:

• The concept of residence: When a person is "resident" or "non-resident"
for tax purposes
• How a non-resident is taxed in South Africa
• Withholding taxes levied in South Africa
• How residents are taxed on worldwide income
• Residents working abroad
• Foreign interest
• Foreign dividends
• Offshore businesses
• Brief overview of controlled foreign companies
• Relief for double taxation Double tax agreements
• Exemptions
• Foreign tax rebate
• Tax consequences when a person ceases to be a South African tax
resident