n Tax Breaks Newsletter - Visiting stars come under taxman's spotlight : payment to foreign artistes / sportspersons
|Article Title||Visiting stars come under taxman's spotlight : payment to foreign artistes / sportspersons|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Author||Cinzia De Risi|
|Publication Date||Dec 2005|
|Pages||2 - 3|
Extracted from text ... 2 December 2005 Moneyweb's TAX BREAKS PAYMENT TO FOREIGN ARTISTES/SPORTSPERSONS Visiting stars come under taxman's spotlight By CINZIA DE RISI cates, but there are often delays in obtaining the necessary clearance due to the tax on earnings being computed using the same rules as for normal taxpayers. When the rand depreciates, the delays can cause significant exchange- rate losses. It is a general taxation principle that all non-residents are liable for tax on their South African-sourced income. Double taxation agreements can provide exemption from tax for certain foreign employees and independent contractors, but entertainers and sports people are specifically ..
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