South Africa’s expat tax is coming – and there’s only one way to legally avoid it
https://businesstech.co.za/news/finance/299926/south-africas-expat-tax-is-coming-and-theres-only-one-way-to-legally-avoid-it/Quote:
The unforeseen consequence of this, he said, is that it incentivises skilled South Africans abroad to simply not come back.
“The skilled talent – and we have such a small base – is saying, ‘you know what, I need some experience globally for a period of time, and I will come back’ – and SARS is thinking of a short term gain – let’s tax them.”
“These skilled people will now go ‘hang on, actually why should I come back?'” he said.