In this years budget, Minister Pravin Gordhan announced a number of changes designed to cover a R30 million income tax deficit caused by amongst other factors, slower growth in wages and employment.
One such proposed change was the introduction of a worldwide income tax for South African nationals working in a foreign country and earning over R1m where they aren't taxed locally.
Thousands of South African expats around the globe are now asking the question;
What does this mean for me?
Share this post
Download our FREE e-guide NOW to discover:
- What the proposed introduction of worldwide income tax means for you
- The planned introduction of a national 'property tax'
- How to safeguard against the volatility of the Rand
- How to effectively expatriate your savings
Investing in tax beneficial jurisdictions can allow you to keep more of your money. Our award winning advisers are on hand to discuss the best ways to protect your wealth regardless of your current location.
Download your free e-guide NOW to protect your savings from political and economic uncertainty