Story perspectives
South Africa Halts Tax on Foreign Retirement Benefits
11/10/2025
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Story summary
- The South African National Treasury paused its plan to tax foreign retirement benefits for returning residents under the 2025 Draft Taxation Laws Amendment Bill.
- The proposal would repeal the exemption for pensions and annuities earned abroad.
- Tax experts and industry groups criticized the move as deterring skilled workers and retirees.
- The Treasury will consult further on double non-taxation and consider grandfathering existing funds.
