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AIT Process Links Non-Compliant Companies to Individuals

Individuals and companies alike have seen increased scrutiny from the South African Revenue Service (SARS) since the greylisting of South Africa (SA) by the Financial Action Task Force (FATF). One key aspect of this has been the introduction of the new complex and document-heavy Approval for International Transfer (AIT) Tax Compliance Status (TCS) process for

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South Africa Welcomes Foreign Property Investment Despite Widespread Global Restrictions

In the midst of growing international restrictions on foreign property investors, South Africa remains a welcoming haven to these buyers. “Foreign investors can enjoy greater freedom to purchase a wider range of properties in South Africa with fewer and lower investment requirements,” says Victoria Lancefield, Director of Expatriate Tax and Banking Engagement at Tax Consulting

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South Africans creating offshore wealth

South Africans Creating Offshore Wealth By Switching SA Life Policies To Dollar

Reflecting their bearish view on the rand, South African expatriates holding rand-denominated life policies are increasingly opting to convert their policies to the dollar, providing a hedge to the rand while exempting them from domestic estate tax. “By taking out an offshore life insurance policy denominated in the most widely-used global currency, the US dollar,

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