New tax laws for expats

The laws around tax for South Africans who live and work abroad have changed and it’s important to work out whether or not you are now expected to pay tax on income you earn outside of the country. Carla Rossouw tackles this complex topic. As of 1 March 2020, South African tax residents living and working abroad are required to pay tax of up to 45% on their foreign employment…

The new tax return threshold set by SARS

You may have seen the latest announcement by the SARS commissioner to increase the qualifying threshold for certain taxpayers to submit a tax return from R350 000 to R500 000. However, as with all previous years, this only applies to certain taxpayers and so it is very important to check if you are one of these. The threshold applies to you only if you meet ALL of the criteria below:…