Tax on deferred severance payment

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    Tiger Maniposted 5 months ago

    Tax on deferred severance payment


    I am an expatriate and my contract was recently terminated. The company will pay my severance in two instances. The first payment this month, the second end of April 2018. I will submit the CP21 for tax clearance this week as I will leave before the end of the year. I have 2 questions:

    1. Will I have to clear my tax now for the payment in 2018 as well?
    2. Considering I am no longer a tax resident in 2018 (I will not be in the country), will my second payment be taxed at 28% or 0% considering I am employed for less than 60 days.

    thanks for your help

    Kind regards