Exchange control is a fundamental concept in international economics and finance that plays a crucial role in regulating the flow of currencies across borders. Governments implement exchange control measures to…
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As a South African expat living abroad, managing your finances in more than one country shouldn’t be a source of anxiety for you. But, with the South African Revenue Service…
Moving abroad? Don’t forget about taxes! While it’s understandable that you’re excited to make the move, overlooking the tax implications of your emigration from South Africa can be costly. Here…
South Africa’s exchange control and tax systems are in the process of being modernised and overhauled. This means that the South African Reserve Bank (SARB) and the South African Revenue…
Planning to transfer funds overseas? Whether you’re investing, sending gifts, or managing international business, understanding the role played by the South African Revenue Service (SARS) in this process is important….
The idea of receiving a windfall via inheritance from South Africa is great, in theory. Until you get to the practical part and you have to deal with the paperwork…
If you’re planning your financial transition out of South Africa, there are a number of important things you need to be aware of when it comes to the exchange control…
Transferring money overseas from South Africa isn’t as complicated now as it once was. Exchange control rules and regulations used to be extremely restrictive, and there was a significant distinction…
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…
The SARS tax compliance status (TCS) processes involved with making international money transfers out of South Africa have changed. Where previously you would use the TCS – Emigration to repatriate…