James Bowling, chief executive officer of Monarch&Co
On 18 August, the window period to submit public comment on the South African Revenue Services (SARS) and National Treasury’s amended draft tax law proposal to overturn the 183-day tax exemption rule, closed. “Therefore, South African tax resident employees working outside South Africa (SA) in low-tax or tax-free jurisdictions like Mauritius, Singapore, Cayman Islands and the United Arab Emirates (UAE) are now holding their breath to hear whether the South African government will do away with the rule or not,” says James Bowling, chief executive officer of Monarch&Co – a facilitator of residency and citizenship programmes in hand-picked territories around the globe. (more…)
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