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Foreign income - how to show on the ITR12?

Posted 1 August 2014 under Tax Q&A


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I am a South African resident and I work in South Africa but my employer is based overseas
does this mean I earn foreign income? I am a freelancer .

This entry was posted in Tax Q&A and tagged , , . Bookmark the permalink.

TaxTim TaxTim says:
1 August 2014 at 15:28

It does yes, but do you receive a set salary each month and an IRP5?

Kk says:
1 August 2014 at 21:14

My salary varies every month depending on the hours of work. I do not receive a IRP5.

TaxTim TaxTim says:
2 August 2014 at 21:06

Yes it does mean you earn foreign income, do you work for more than just this company?

Kk says:
2 August 2014 at 23:53

Yes

TaxTim TaxTim says:
3 August 2014 at 22:26

You can then include the net income from this job (so take off your expenses incurred in earning this income) and put it under the foreign income section of the return.

Kk says:
4 August 2014 at 10:14

Thanks so much

TaxTim TaxTim says:
4 August 2014 at 10:49

Only a pleasure!


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