The Single Discretionary Allowance (SDA) and Foreign Investment Allowance (FIA) are two key financial tools that residents have to manage their foreign investments and transactions when making money transfers out…
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There are specific rules if you live in South Africa and want to send money to another country. These exchange controls and tax rules are in place to ensure people…
As a South African resident, you have the option to move your finances offshore through the use of two exchange control allowances provided by the South African Reserve Bank (SARB):…
For many South African retirees, the dream is clear: balmy weather, breathtaking scenery, and a relaxed pace of life abroad. But translating that dream into reality involves a critical financial…
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…
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…
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….
Theoretically, South African residents can transfer up to R11 million per individual, per year out of the country using their exchange control allowances – namely the Single Discretionary Allowance and…
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…