Taxation of Expats
Presenters : Carmen Westermeyer CA(SA)
Overview
The nature of workforces is shifting to a globalised model, and working abroad has transitioned from being a rare exception to a common reality. Consequently, expats face confusion around their tax obligations, leading to mistakes or reliance on poor advice. The complexities of managing taxes across multiple countries - each with its own laws, treaties, and exemptions - can be overwhelming.
In this video, Carmen Westermeyer provides a clear, high-level overview of the tax implications for individuals living and working abroad. She covers key topics such as double taxation, tax treaties, foreign earned income exclusions, as well as the treatment of foreign tax credits.
By the end of the video, viewers gain an understanding of their tax liabilities, including the risks of non-compliance. Tax practitioners and expats also learn how to avoid common pitfalls, such as failing to report worldwide income. Additionally, participants are provided with resources for further assistance, including guidance on where to find reliable tax advice and how to stay updated on international tax regulations.
Video Content
- Residency: Separating fact from fiction
- Understanding how the tax consequences vary depending on:
- The nature of the income earned
- Employment status (employee vs. independent contractor)
- The impact of double taxation agreements
- Foreign tax credits and how they work
Competencies Development
After watching this video, participants:
- Understand residency and how it impacts their tax return
- Are aware of the exemptions available to residents and non-residents
- Understand the impact of foreign taxes paid
Related Webinars
Cross-border Crossing: Navigating Dreams and Duties in Global Relocation and Financial Landscapes