Transferring money out of South Africa can be a complex area with considerations such as the appropriate tax clearances, exchange control regulations, rates and methodology.
Often unsure of what the correct processes and legislation are people simply turn to their banks, this can result in unnecessary fees and poor exchange rates. (more…)
First the good news: Once you have declared all your taxes on the other side, you can freely transfer your money over to South Africa, without any additional taxes waiting for you.
Before transferring money to South Africa, you should be aware of the exchange control regulations in South Africa. (more…)