💨 Abstract

The South African government's 2025 Draft Taxation Laws Amendment Bill proposes removing the tax exemption for foreign pensions. This change could drive away wealthy retirees and expatriates, introduce inconsistencies in the tax system, and penalize retirees who have made significant contributions abroad. Critics argue that the proposal lacks thorough economic impact assessment, creates unfair tax treatment, and may deter skilled individuals from staying in South Africa.

Courtesy: Michael Kransdorff