Survey reveals what keeps South African expats tied to their roots
Not only local South Africans have been on the edge of their seats with the nail-biting matches played by the Boks in the Rugby World Cup.
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Not only local South Africans have been on the edge of their seats with the nail-biting matches played by the Boks in the Rugby World Cup.
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The South African Reserve Bank (SARB) may no longer be a visible part of the process to cease residency in South Africa. However, when it comes to moving money out of the country during or after emigration, the Reserve Bank is still very much involved. This is especially true for amounts above R10-million. "Currently, we're not only seeing people leave the country for better prospects abroad but also a rise in those moving funds over R10-million offshore," says Lovemore Ndlovu, Head of SARB Engagement and Expatriate Compliance at Financial Emigration, a division of Tax Consultin...
South African’s planning their lives abroad have a lot to consider in terms of South African Tax Compliance.