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Bank investigating M169 000 customer complaint

Bank investigating M169 000 customer complaint
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Working for an international organization in SA? Get your tax strategy in place

South African residents who work for international companies inside South Africa need to be sure they have a clear understanding of their tax situation or risk losing out, says Thomas Lobban, Legal Manager for Cross-Border Taxation at Tax Consulting South Africa. “A growing number of South Africans are electing to work abroad, but there is also a substantial group that is working here for foreign companies,” he says. “While these individuals’ tax situation might seem straightforward, there are permutations to watch out for. As always, when it comes to cross-border tax, it’s best to get things clear from the get-go or risk negative consequences later.” ....

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Expats: Are you paying tax to the wrong authority?


South Africans have always been keen to work and live abroad, and this trend looks set to strengthen as the country’s political and economic fortunes remain precarious.
A recent study shows that even with the rise of digital working, 59% of South Africans (56% of young people and 61% of highly educated people) are willing to relocate. But, says
Thomas Lobban, Legal Manager for Cross-Border Taxation at Tax Consulting South Africa, working abroad creates a host of potential tax challenges for which a strategy must be developed.
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“Most taxation challenges related to the expatriate life can be satisfactorily resolved but the right steps need to be taken from the beginning,” he says. “It’s never too early to speak to a tax consultant who understands the intricacies of expatriate taxation it may be too late if you leave things to filing season.” ....

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