Top 10 South Africa stories of 2017
By Tom Carnegie, 29 Dec 17
The establishment of new financial regulators and an overhaul of tax exemptions for expats were some of the top read stories by our South African audience in 2017. To see the others click through the slides.
In July it was announced South Africans living and working in low tax jurisdictions will no longer be exempt from paying tax on their overseas earnings from March 2019 under proposals from the country’s Revenue Services (Sars).
Currently, South African tax residents working in another country for more than 183 days each year do not have to pay tax on income earned abroad.
However, former finance minister Pravin Gordhan announced in his February 2017 Budget that the double non-taxation was “excessively generous”. Despite being sacked by president Jacob Zuma in April, the government said Gordhan’s proposals will still be implemented.
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