Moving money across international borders can be a complex dance, especially when it comes to paying for services rendered. Exchange control regulations can get complicated, fast! To avoid confusion, we’ve…
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Historically loop structures were not permitted in terms of the South African exchange control regulations. In terms of Exchange Control Regulation 10(1)(c), such transactions (or series of transactions) in which…
In the 2020 Budget Speech it was announced that the National Treasury was going to give the South African Exchange Control regime a total overhaul in order to modernise outdated, unnecessarily restrictive…
If you’re already living overseas, you’re probably making plans to complete your financial transition. If you’re still plotting your international relocation, it helps to know exactly how you’re going to…
In a recent blog article, we unpacked the changes to the South African exchange control regulations that have an impact on South African citizens and tax residents. This was only the…
If you haven’t already heard by now, formal emigration has been cancelled. Don’t panic, you don’t have to cancel any of your plans, this simply means that the concept of…
The concept of “emigration” through the Financial Surveillance Department of the South African Reserve Bank (SARB) was phased out effective 1 March 2021 due to tax law changes. While these…
The idea of packing up your life and heading overseas might be something you’ve toyed with on occasion. And now, since the advent of the Covid induced economy downward spiral…
If you are a South African working and/or living abroad, it is prudent to be reminded of the imminent tax and exchange control changes that may affect you from next…
South African exchange control regulations are there for a reason: to control the flow of money in and out of South Africa. These rules apply to every transaction that crosses…