The South African Reserve Bank (SARB) plays an important role in monitoring and managing the country’s financial system, with the Balance of Payment (BOP) reporting codes being an essential component….
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Moving abroad is a huge step, and while it’s undoubtedly thrilling beyond belief, there’s that little thing called money to think about, right? One of the top priority aspects of…
Receiving an inheritance from South Africa can be bittersweet, especially for those living abroad. While the financial boost is welcome, the circumstances could be better, and working out the steps…
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…
Are you thinking about moving money offshore from South Africa? Whether you’re planning for investments, gifts, or business, understanding how the South African Revenue Service (SARS) fits into the picture…
A series of exchange control regulations characterise South Africa’s financial regulatory landscape to manage the flow of capital in and out of the country. Among these, Exchange Control Regulation 10(1)(c)…
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…
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…
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…