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5 Things to know before transferring large sums of money out of South Africa

5 Things to know before transferring large sums of money out of South Africa

Sending money offshore is a simple process. The surprizing thing is that many people waste large sums of money on fees that they didn’t know existed. Doing research and finding a transparent currency transfer specialist could save you thousands of Rands on transferring funds abroad now and into the future. Through this blog, we will provide information to you to empower you in your decision making, to transfer your funds abroad at the best possible rate with a trusted currency transfer specialist.

What should you know about international money transfers?

Critical Tax Deadlines and Legislative Changes for South Africans Working Abroad

Critical Tax Deadlines and Legislative Changes for South Africans Working Abroad

The critical challenges awaiting us in the next couple of months are:
Provisional tax filing at the end of February for either tax residents working for a foreign company (albeit a nil return), or non-resident’s exit tax on unrealised capital gains tax or their provisional tax on foreign earn income above the R1,25m threshold. The 2020 tax returns for these taxpayers was due on 29 January 2021