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Yes, I can claim up to R1,25m of my Foreign Income as Exempt
The first R1,25m of your foreign income will be exempt, the portion exceeding this amount will be taxed in South Africa. Either your employer will include the exempt portion on your IRP5, or you will need to include the exempt income under "Amounts not considered taxable" on your income tax return under the block for "Exempt amount i.t.o s10(1)(o)". Avoid the confusion, let TaxTim ask you all the right questions one-by-one so that you complete your tax return correctly, and get your maximum allowable tax refund.
No, I cannot
This means that your ITR12 stays the same and is unaffected.