South Africa Tax Agency Issues Interpretation Note on Foreign Employment Remuneration Exemption

The South African Revenue Service Jan. 31 issued an interpretation note explaining the exemption of foreign employment income. Topics covered include: 1) which types of remuneration qualify for the exemption; 2) the requirement for a taxpayer to be employed abroad for at least 183 days of a 12 month period to qualify for the exemption; 3) the March 1 deadline, after which foreign employment income is no longer fully exempt; 4) income apportionment methods, with examples; and 5) gains made under share incentive plans. [South Africa, South African Revenue Service, 01/31/20]

Reference:
View Interpretation Note No. 16/2020. View Index ...