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Been offered a job in South Africa but will be paid to a offshore bank account do I need to pay tax?

Posted 23 July 2013 under Tax Q&A


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Employer is a large international company with offices in SA. I will be living and working full time in SA. They are not deducting PAYE at source and they are paying me in GBP to an offshore account of my choosing. Do I still need to pay tax in South Africa?

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TaxTim TaxTim says:
26 July 2013 at 13:12

Yes you do as you are taxed on all income around the world regardless of where it is paid. You would also need to apply to the reserve bank to keep this cash out of South Africa as residents have to bring back earnings in Rands to SA within 30 days of receipt.


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Tax returns?


TaxTim will help you:

 Do Your Tax Return Easily
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Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

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