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Will I be taxed on my foreign income that I send to my SA bank?

Posted 29 June 2015 under Tax Questions



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Rose says:
24 June 2015 at 16:19

I currently work abroad (temporary- for a few years, and am a citizen of SA only). I pay income tax here where I current reside. I have no income from SA. When sending money from my overseas bank account to my SA bank account to pay any SA expenses (bills, elderly care for parents etc. ), what is the best reason to give the bank so that when they report it to SARS, I am not taxed on it again. Both bank accounts (here and in SA) are in my name.

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TaxTimTaxTim says:
24 June 2015 at 16:23

You can put expense coverage or similar or financial dependence. You won't suffer any tax in South Africa on these transfers.


Rose says:
24 June 2015 at 16:36

Thank you for the prompt response!


TaxTimTaxTim says:
24 June 2015 at 16:37

Only a pleasure!


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