Income tax on foreign income from UK
By Evan Robinson · Updated
Hi Tim. I work in South Africa but for a UK company. They don't have a company registered here, just a warehouse that I work from. My salary gets paid in US dollars from the UK company so I don't get an IRP5 or PAYE etc deducted.
How do I go about sorting taxes? Do I submit a personal income tax return each year declaring the money I receive and pay the relevant tax on that?
How do I go about sorting taxes? Do I submit a personal income tax return each year declaring the money I receive and pay the relevant tax on that?
Dos they pay it into a South African bank account, is any tax withheld?
Yes they pay the salary into a South African bank account but no taxes are withheld as they don't have a South African entity registered with SARS.
You would need to then declare this income (less any expenses you incur in earning it) in your tax return, under Foreign Income and then SARS will tax you accordingly.
Thank you very much for the reply.