The Tax Consulting Podcast
Welcome to the Tax Consulting Podcast, your trusted source for expert insights into South African tax matters.
Featuring a range of specialists from various departments across Tax Consulting South Africa, including legal, tax, and accounting professionals, each episode offers in-depth discussions on key topics such as expatriate tax, tax residency, SARS updates, compliance strategies, and more.
Whether you are an affluent individual, expatriate, or business, our podcast provides the knowledge and guidance needed to confidently manage your tax obligations, mitigate risks, and maximise opportunities.
The Tax Consulting Podcast
Exchange Control Compliance is Crucial When Transferring Funds Abroad
South African exchange control regulations have become stricter, especially for high-net-worth individuals (HNWI) and expats moving large sums abroad. In this episode, Richan Schwellnus (Tax Attorney and General Tax Practitioner) and Michelle Phillips (Tax Attorney) provide clear guidance on how to approach international transfers in line with SARS and Reserve Bank requirements.
Topics:
00:00 – Why exchange control compliance matters now more than ever
03:07 – What is Financial Emigration and its impact on your banking
04:04 – Understanding AIT (Approval for International Transfer) and what SARS looks for
06:11 – How long does it take to get approval to move funds offshore?
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