Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get SARS Tax Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

Tax on foreign earned income

Posted 5 May 2016 under Tax Questions


Hello.
Is it me you're looking for?
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your own
Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Lu says:
4 May 2016 at 8:42

I've been working overseas temporarily and have save up 2600euros, when I come home will this be taxed when I exchange it to rands.

This entry was posted in Tax Questions and tagged , , , . Bookmark the permalink.

TaxTimTaxTim says:
4 May 2016 at 13:27

How long have you been out of South Africa for?


Lu says:
4 May 2016 at 14:15

3 Months


TaxTimTaxTim says:
5 May 2016 at 10:15

If you are South African resident (which it sounds like you are) you will be taxed on your worldwide earnings.
However the current tax threshold is R75,000 for the year which means that if you earn below this amount in a tax year (1 March 2016- 28 Feb 2017) then your earnings won't attract tax anyway.

It won't be taxed when you exchange it to rands. If you are earning above the threshold in a tax year, it is up to you to register for Provisional tax declare it to SARS and then file a tax return.

Please Register for TaxTim and let us assist you with your tax return completion and submission to SARS.


Get SARS Tax Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Hello.
Is it me you're looking for?
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your own
Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE