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What is a foreign tax credit?

Posted 30 May 2014

What is a foreign tax credit?

TaxTim says:
1 June 2014 at 13:37

It is an amount of tax paid in another country for income earned which SARS allows you to deduct from the taxes owing in South Africa in order to avoid paying tax twice on that income earned.

This entry was posted in Tax Q&A and tagged Salary / IRP5, Deductions, Dividends. Bookmark the permalink.

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