Section 10 vs. Financial Emigration: What You Need to Know
- Date: 10 April 2025
- Time: 10:00AM SAST (UTC+02:00)
- Platform: ZOOM
- Country: South Africa
Time: 10:00am
Price: FREE
Date: 26 February 2025
Time: 10:00am
Price: FREE
Date: 05 October 2024
Time: 10:00 SA Time
Price: FREE
Location: ZOOM
Date: 21 September 2024
Time: 10:00 SA Time
Price: FREE
Location: ZOOM
Date: 24 August 2024
Time 10:00 SA Time
Price: FREE
Platform: Zoom
Ceasing of South African Tax Residency – A Back-to-Basics Approach
Date: 10 August 2024
Time: 10am SA time
Location: Zoom
Price: Free
FINANCIAL MIGRATION AND THE PROPOSED NHI LAW
Live Events
Dates and Times:
11 July 2024 – 16:00pm (SA Time)
Presenters: Nicolas Botha
REGISTRATION CLOSED
MISSED US IN THE NETHERLANDS? JOIN US FOR AN UPDATE
Live Events
Dates and Times:
13 June 2024 – 16:00pm (SA Time)
Presenters: Nicolas Botha
REGISTRATION CLOSED
UPDATE FOR SOUTH AFRICANS IN THE NETHERLANDS
Live Events
Dates and Times:
01 June – Utrecht – 10h00
Presenters: Nicolas Botha
REGISTRATION CLOSED
Previously, when one sought to either financially emigrate or transfer large sums out of the country, they would either have to complete the “Emigration” TCS Pin or “Foreign Investment Allowance” (“FIA”) TCS Pin, respectively. The new AIT Process consolidates these two and is now the go-to requirement when it comes to the approval of moving funds out of South Africa.
The AIT process applies to both South African tax residents who transfer more than R1 million out of South Africa in a calendar year, as well as to taxpayers who have ceased their tax residency in South Africa but need to move funds abroad, from a South African source.
SARS allows South African tax residents to transfer an amount of R1 million offshore, per calendar year. This amount is known as a single discretionary allowance (SDA) and is available only to individuals who are South African tax residents.
If you are a tax resident, you will require an AIT pin when you seek to transfer more than R1 million out of the country, per calendar year. If you have ceased your tax residency, you will need an AIT pin for every cent you seek to transfer out of South Africa, per calendar year.
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