New tax clearance process for emigration and remittance of funds abroad
‘The new process comes down to more detailed and targeted requests for information regarding exit capital.’
Tag: Exchange control
ConCourt judgment in Capitec vs SARS clarifies important VAT principles
The decision addresses the recovery of VAT on payments made under loan cover provided free of charge.
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The new rules around citizenship, exchange control and tax residency: part 2
The concept of “emigration”, as recognised by the Financial Surveillance Department (FSD) of the South African Reserve Bank (SARB), has been phased out with effect from 1 March 2021. This has created even […]
The new rules around citizenship, exchange control and tax residency: part 2
The concept of “emigration”, as recognised by the Financial Surveillance Department (FSD) of the South African Reserve Bank (SARB), has been phased out with effect from 1 March 2021. This has created even […]
The new rules around citizenship, exchange control and tax residency: part 1
The concept of “emigration”, as recognised by the Financial Surveillance Department of the South African Reserve Bank (SARB), has been phased out with effect 1 March 2021. This has created even more confusion […]
The new rules around citizenship, exchange control and tax residency: part 1
The concept of “emigration”, as recognised by the Financial Surveillance Department of the South African Reserve Bank (SARB), has been phased out with effect 1 March 2021. This has created even more confusion […]
Taxing times for would-be emigrants
If you thought that emigrating was just a case of “pack up your troubles in your old kit bag and smile, smile, smile”, you are likely to experience more than a grimace or […]
Taxing times for would-be emigrants
If you thought that emigrating was just a case of “pack up your troubles in your old kit bag and smile, smile, smile”, you are likely to experience more than a grimace or […]
Exchange control relief – ASISA welcomes suspension of ambiguous notice
In a media release last week, ASISA welcomed the public consultation process on the classification of inward listed instruments. This follows the statement issued by National Treasury, the SARB and the FSCA announcing […]
Exchange control relief – ASISA welcomes suspension of ambiguous notice
In a media release last week, ASISA welcomed the public consultation process on the classification of inward listed instruments. This follows the statement issued by National Treasury, the SARB and the FSCA announcing […]
Exchange control relief – Authorities suspend Exchange Control Circular 15/2020
In a media statement on Tuesday, National Treasury, the South African Reserve Bank (SARB) and the Financial Sector Conduct Authority (FSCA) announced their intention to review Exchange Control Circular 15/2020 issued by the […]
Exchange control relief – Re-classification of exchange traded funds
One of the stories that trended in the media the past week was changes to exchange control regulations, with the 30% foreign investment cap effectively lifted in certain conditions and foreign exchange-traded funds’ […]
