Although the South African Reserve Bank (SARB) has relaxed exchange control rules significantly in the past few years in order to make cross-border transactions less onerous, there are still limits…
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As the end of 2023 draws near, this is your reminder to make use of your annual exchange control allowances in order to move money out of South Africa. To…
Just because you’re not planning on emigrating from South Africa any time soon, doesn’t mean that your finances have to remain in the country. You can still move your money…
The South African Revenue Service (SARS) has changed its Tax Compliance Status (TCS) process, with the introduction of the “Approved International Transfer” (AIT) application replacing the “Emigration” and “Foreign Investment…
If you’re planning to move money out of South Africa once you’ve left, it’s important to ensure you’re well informed on the exchange control allowances. These are the rules and…