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Tax on income paid in US dollars

Posted 20 April 2017

Hubert says:
19 April 2017 at 20:17

I'm a South African citizen. Currently living and working in Argentina, but I'm considering taking a job that would allow me to move back home. The job would pay me in US dollars on a monthly basis. How would I pay tax and what amount is taxable and how does this all work. (Let's say the salary would be 4000USD per month).

TaxTim TaxTim says:
20 April 2017 at 8:34

You'd need to register for provisional tax to pay the tax due over to SARS and you will be liable to pay tax if your annual income exceeds R75750 per year. Kindly read our blog on What is Provisional Tax? How and when?

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