Expat tax to hit South Africans in weeks

South Africans working and living abroad are preparing for new amendments to the Income Tax Act, set to come into effect from 1 March 2020. The amendments will effectively introduce an ‘expat tax', meaning that South African tax residents working internationally will only be exempt from paying tax on the first R1 million they earn abroad.  The rest of their earnings - including all fringe benefits, like housing, education and flight allowances - will now be taxed according to the normal tax tables for the year, which can go up to 45% in some cases. "The expat tax exemption has alwa...