Under plans released by the South African government this week, foreign workers will be entitled to stay in the country longer before their overseas earnings become subject to tax in South Africa.
According to draft legislation released on Monday, foreign workers will only be taxed by the South African Revenue Service (SARS) on their overseas income after a period of five years working in the country, up from the current limit of three years.
“The legislation is a welcome move as it is an incentive to keep expatriates in SA for a longer period without taxing them,” said Luanne Grant, executive director of the American Chamber of Commerce, according to Business Day.
“The new proposals are in line with international jurisdictions such as Canada and Australia,” she added.
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