The South African Revenue Service (SARS) strives to streamline tax compliance for all citizens. When taxpayers maintain transparency and diligence, their interactions with SARS are typically smooth. However, neglecting compliance…
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…
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):…
Let’s face it: saving money in South Africa can be challenging. Inflation can eat away at your hard-earned cash; sometimes, it feels like your money isn’t working as hard as…
When it comes to South Africa’s exchange control and taxation systems, big changes are underway. As the country modernises its systems, it is vital for South African expats to stay…
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…
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….
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…
