Peregrine Corporate Services Limited (“Peregrine”), Maitland Group, Capital International Group and Optimus Group are heading out to South Africa to host their second roadshow between 10th and 13th February.
With the South African Government increasingly coming under pressure to make up billions of Rands in revenue collection they have had to look at other sources. The large number of skilled South African’s who have moved abroad have become the latest target. For South Africans living abroad the amendment to the Income Tax Act meant that, from 1st March 2020, expats who are deemed to be South African residents would be liable for tax in South Africa on their foreign employment income insofar as it exceeds ZAR1 million. This change has become known as the “Expat Tax”.