n Tax Breaks - Visiting stars come under taxman's spotlight : payment to foreign artistes / sportspersons

Volume 2005, Issue 239
  • ISSN :


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 ..

Loading full text...

Full text loading...


Article metrics loading...


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error