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Getting paid in dollars



Bianca says:
19 February 2017 at 13:05

Hi, I am working for an overseas startup. I get paid in dollars. For the last six months I have been getting $500 a month. Starting this month I will be getting incentives as well. It is below the salary for tax but I'm not sure how it works with an overseas company?

TaxTim TaxTim says:
20 February 2017 at 9:34

You are still required to submit a tax return in South Africa and declare the income on your tax return as other income.

Bianca says:
20 February 2017 at 9:36

What paperwork is required from my employer?

TaxTim TaxTim says:
20 February 2017 at 10:10

The American IRP5 (a document similar to the IRP5, it accounts for the income you earned and any tax they might have deducted from your income) your employer issues you at the end of their tax year is sufficient.

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