Demystifying double taxation agreements: What South African expatriates need to know
With the Covid-19 pandemic largely in the rear-view mirror, tens of thousands of South Africans are seizing lucrative employment opportunities abroad. At the same time, many of these expatriates are unaware that their hard-earned income is at risk of being taxed twice. On the one hand, by the South African Revenue Service (SARS) as part of their worldwide income; and on the other hand, by the foreign revenue authority as income sourced within the borders of an expatriate’s host country. The good news is that Double Taxation Agreements (DTAs) are here to help! Where a DTA is ...