Understanding the process of submitting an exchange control application to the South African Reserve Bank is a formality and a crucial step for individuals and corporations engaging in cross-border transfers….
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Exchange control regulations are crucial for managing a country’s foreign exchange reserves and ensuring economic stability. In South Africa, violating these regulations can lead to severe legal and financial consequences…
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…
Although leaving South Africa permanently is an exciting, life-altering decision, your emigration isn’t complete when your flight touches down on the other side of the world. There is still the…
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…
If you’re emigrating, you’ve probably already arranged the packing and moving of your belongings. You’ve likely already sorted out passports, visas and flights for your family members, and you have…
The South African Reserve Bank’s Financial Surveillance Department (FinSurv) issued four new circulars in May this year amending the Currency and Exchanges Manual for Authorised Dealers (AD Manual). This important…
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…