The British Pound or Pound Sterling, home currency of the United Kingdom, is the oldest actively traded currency in the world. London is one of the largest forex hubs in the world. The pound is the third most commonly held reserve currency, the sixth largest currency by GDP and the eighth largest in purchasing power parity.
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?
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
Thank you for taking the time to have a look at our blog posts. This article is a little different from our normal content and takes a look at one of the questions we get asked quite often here at…
Currency Assist was founded in the fun little sea-side town of Plettenberg Bay, South Africa. Here we have a large population of residents who escape the cold Northern Hemisphere winters to bask on our golden beaches for 3-6 months to…
South Africa’s rand edged weaker on Monday in cautious trade as investors assessed the impact of the end of the U.S. government shutdown, while awaiting the Federal Reserve’s policy meeting starting on Tuesday. * At 0630 GMT the rand was 0.04…
Period date: From 1st Oct 2016 until 31st March 2017 Currency Assist in association with select South African Tax Advisors are offering a special offer for those making use of the upcoming Tax and Exchange Control “Amnesty”. (We know you…
Your tags dictates your banking and tax status. Soon it could dictate your property ownership rights should political lobbying succeed. Foreign Passport Holders & Expat South Africans, or dual nationals having lived outside SA for many ears or having formally…
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