Pravin targets Saffers working abroad

For those living and working abroad,
User avatar
Raffles
Site Admin
Posts: 3483
Joined: Tue Feb 07, 2012 12:00 am
Location: Die K@K Plaas
Contact:
Burkina Faso

Pravin targets Saffers working abroad

#1

Postby Raffles » Sat Mar 04, 2017 6:01 pm

Every year, hundreds of thousands of skilled South Africans find jobs outside the country where low-tax rates are a strong magnet. Add in the global “183 day” regulation and as long as they spend six months of the year outside of SA, the money earned there escapes SA tax. But in last week’s Budget, SA Finance Minister Pravin Gordhan warned that he will be putting put an end to that. He has warned that legislation is in the offing to ensure that Saffers in, say, tax-free Dubai, will be liable to pay SA tax rates on earnings in the same way as they would had they earned the money in SA. BDO’s head of personal and expat tax Shohana Mohan explains the implications. – Alec Hogg

Podcast and transcript of interview with tax expert at Biznews

Joeatc
Engine Run Up Poster
Posts: 186
Joined: Wed Dec 02, 2015 7:31 am
Argentina

Re: Pravin targets Saffers working abroad

#2

Postby Joeatc » Tue May 02, 2017 2:18 pm

Now he's gone you think it's still going to happen?

User avatar
Bell 407
Site Admin
Posts: 5289
Joined: Tue Jul 31, 2012 10:35 am
Location: Johannesburg
South Africa

Re: Pravin targets Saffers working abroad

#3

Postby Bell 407 » Tue May 02, 2017 3:10 pm

Joeatc wrote:Now he's gone you think it's still going to happen?

Joe, I don't get the feeling that this was a Pravin driven issue but more a long-term SARS issue. So with him being gone most probably the revisions will still go through.

That being said, who knows what you will get with the new chap in place :thinking:

Joeatc
Engine Run Up Poster
Posts: 186
Joined: Wed Dec 02, 2015 7:31 am
Argentina

Re: Pravin targets Saffers working abroad

#4

Postby Joeatc » Wed May 03, 2017 2:04 pm

Now I see the Ozzies are tightening the screws too, quite a number of Saffers will have to return home soon. :stupid4: I think this is a reaction to the muslim immigrant problem and the Saffers are the collateral damage.

User avatar
gear up
Taxying Poster
Posts: 531
Joined: Wed Feb 10, 2016 8:02 pm
Location: Johannesburg
South Africa

Re: Pravin targets Saffers working abroad

#5

Postby gear up » Thu May 04, 2017 6:53 am

Thank Goodness I have a EU Passport so may get around this technically one day if it ever happens.

For those still keen on the East, there is a Roadshow soon in SA, details in the attachment.

Image
Dylan Cunha

User avatar
Bell 407
Site Admin
Posts: 5289
Joined: Tue Jul 31, 2012 10:35 am
Location: Johannesburg
South Africa

Re: Pravin targets Saffers working abroad

#6

Postby Bell 407 » Thu May 11, 2017 10:50 am

This from another site.

Storm in a tea cup. The Treasury is not planning to remove the exemption for SA Expats living abroad. They are looking at removing the exemption for SA Residents that work abroad on short terms basis ie people working contracts, or commuting.

Pilots employed at Emirates live in Dubai and as such are not tax resident in SA. There are many "tax professionals" that will tell you that this is about to change but when pressed will tell you that nobody knows how they will change the law. This is just an attempt to garner new business by fueling false speculation. The 2017 budget was clear on what they plan to change and no mention has been made of changing the definitions of Tax Resident.

User avatar
gear up
Taxying Poster
Posts: 531
Joined: Wed Feb 10, 2016 8:02 pm
Location: Johannesburg
South Africa

Re: Pravin targets Saffers working abroad

#7

Postby gear up » Tue May 16, 2017 9:03 am

gear up wrote:Thank Goodness I have a EU Passport so may get around this technically one day if it ever happens.

For those still keen on the East, there is a Roadshow soon in SA, details in the attachment.

Image


So, having been to the Emirates Roadshow this weekend, it's not a bad time to be crew. From a Pilots perspective, just Emirates need 800 pilots in the next 12 months and they didn't exactly have the numbers with jet time lining up for a job at the Roadshow. I think they were quite worried. Things aren't looking too bad for us. South African Airlines and Airlines around the world have upped their game to keep crew and continue to do so which is slowing down their applications. They did confirm that this whole tax thing is a typical pprune type of rumor and will not happen according to their sources. Good times if you want to go up the career ladder.
Dylan Cunha

User avatar
Raffles
Site Admin
Posts: 3483
Joined: Tue Feb 07, 2012 12:00 am
Location: Die K@K Plaas
Contact:
Burkina Faso

Re: Pravin targets Saffers working abroad

#8

Postby Raffles » Tue May 16, 2017 1:23 pm

Did they mention any age limits?


Return to “Expats”

Who is online

Users browsing this forum: No registered users and 1 guest