National Treasury makes u-turn on foreign retirement benefit exemption plans
Автор: South African Institute of Taxation
Загружено: 2025-11-12
Просмотров: 3011
Описание: The National Treasury decided to reconsider its earlier proposal to remove the tax exemption on foreign retirement benefits for South African residents. The initial proposal would have resulted in pensions earned by professionals and retirees from their time working abroad becoming subject to tax in South Africa. In its advocacy efforts, SAIT, expressed concerns that the change could impact the country’s appeal to skilled immigrants and returning expatriates potentially subjecting these groups to forms of taxation from which they were previously exempt. Acting Deputy CEO Keitumetse Sesana, provides insights on the significance of this reversal in this interview with Newsroom Afrika.
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