South Africa
South African expats unite against proposed tax changes
South Africans working in countries with no income tax, such as the UAE, have banded together on social media to oppose new legislation that “might put them at an unfair disadvantage” of having to pay income tax in South Africa.
S Africa to end ‘too generous’ overseas worker tax break
South Africa is to draft legislation overhauling its residence-based tax rules so that South Africans working in countries with no income tax, such as the UAE, will be liable to pay tax in their home country.
Old Mutual Int’l posts solid results as managed funds rise
Old Mutual International has posted a slight rise in pre-tax adjusted operating profit for 2016 despite difficult market conditions, helped by healthy 18% rise in funds under management.
South Africa delays financial regulator overhaul
Changes that would have seen South Africa’s Financial Services Board (FSB) rebranded, handed a new mandate, and the introduction of a ‘Twin Peaks’ regulatory system have been postponed.
South Africa budget targets high earners with top rate hike
South Africa finance minister Pravin Gordhan has announced a new top tax bracket of 45% in his 2017 Budget.