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How to treat foreign income

Posted 5 April 2014

I am a SA citizen and live outside SA with my family(since 1998). I have bank accounts and property investments in SA, and I still fill tax return every year. My salary income is all foreign though. I visit SA almost every year for a period of 4-6 weeks for vacation); sometimes another 2 weeks over Christmas. I also own foreign property.Questions:1. Should I declare my foreign income?2. Should I declare my foreign property in any way, purchase, rental income, sale?

TaxTim TaxTim says:
7 April 2014 at 9:44

Given your circumstances, you will not be liable for any tax on the monies earned and assets owned outside of SA, however the interest earned on South African banks and investments and any rental earned on property owned in SA will be subject to tax in SA and you need to include that in your tax return.

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