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What is a foreign tax credit?

Posted 30 May 2014 under Tax Q&A


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What is a foreign tax credit?

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

TaxTim TaxTim says:
1 June 2014 at 13:37

It is an amount of tax paid in another country for income earned which SARS allows you to deduct from the taxes owing in South Africa in order to avoid paying tax twice on that income earned.


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