“In view of the above, it is proposed that the current section 10(1)(o)(ii) exemption be repealed. As a result, all South African tax residents will be subject to tax on foreign employment income earned in respect of services rendered outside South Africa with relief from foreign taxes paid on the income under section 6quat of the Act.”
The Good News:
The proposed amendment will come into effect on 1 March 2019 and applies in respect of years of assessment commencing on or after that date.
2017 Draft Explanatory Memorandum on the 2017 draft TLAB – 19 July 2017
(Pages 5-7)
More detail to follow tomorrow.
