Hourly rate "net of tax". What does this mean?
By Marc Sevitz · Updated
If the US company withholds tax from your pay then they would need to issue a tax certificate stating this and the amount withheld and what percentage they are applying. You would declare this on your Income Tax Return and show the foreign income, the taxes charged and taxes paid in the US. SARS will then calculate whether or not you would need to pay any additional tax.
You would need to register as a provisional taxpayer as you are not earning remuneration in South Africa and paying tax over to the South African authorities. Learn more about provisional tax.
You would need to register as a provisional taxpayer as you are not earning remuneration in South Africa and paying tax over to the South African authorities. Learn more about provisional tax.