Practical Guidance: Exchange Control


Date: Oct 8, 2024

CPD hours: 2 Hours

Time: 15:00 - 17:00

Event Type: Webinar

Presenter: Hugo van Zyl
CA(SA)
Presenter: Mathys Briers-Louw

Since the concept of formal emigration, as administered by the South African Reserve Bank, had been phased out, tax practitioners had faced uncertainty, misleading guidance, fear-mongering newspaper articles, and often very annoyed and frustrated clients.

Overview

Since the concept of formal emigration, as administered by the South African Reserve Bank, had been phased out, tax practitioners had faced uncertainty, misleading guidance, fear-mongering newspaper articles, and often very annoyed and frustrated clients. For some banks and certain service providers, including retirement fund managers, it had been like a broken record: 'Provide evidence of financial emigration before we classify you as a non-resident.' This webinar sought practical solutions and addressed the confusion within SARB, ADs (banks), and SARS. Practical workarounds were considered and discussed.


Webinar Content

  • Current Excon Rules (SARB)
  • Current SARS rules
  • SARB and SARS rules and processes in conflict
  • ADs - their interpretation and challenges
  • Immigrants and returning expats
  • Excon Residents temporarily abroad
  • Digital nomads on foreign passports

Competencies Development

  • Current Excon Rules (SARB)
  • Current SARS rules
  • SARB and SARS rules and processes in conflict
  • ADs - their interpretation and challenges
  • Immigrants and returning expats
  • Excon Residents temporarily abroad
  • Digital nomads on foreign passports

Presenters

Hugo van Zyl

CA(SA) TEP MTP(SA), Cross-Border and Tax Specialist

Hugo is an experienced trainer, lecturer and "go-to" industry specialist. It comes as no surprise that SARS appointed him to lecture on capital gains tax and worldwide taxation based on residency. In the last six years, he has presented at least once a quarter, for anyone of the many professional bodies he belongs to. Based in Cape Town, he is proudly South African yet holds a United Emirates Residency permit, because of his UAE registered practice aimed at expats. Hugo's client base is global, includes intermediary firms, local and international financial institutions and often the powers to be at the professional regulatory bodies he belongs to.


Mathys Briers-Louw

Mathys is an skillful attorney with both local and international legal academic knowledge. He was admitted as an attorney in 2014, marking the beginning of his successful career in the legal field. His expertise covers cross-border legal matters, exchange control, international money transfers and fiduciary services. Mathys provides top-notch legal services to individuals and businesses navigating the challenges of cross-border transactions.


CPD

Attending this webinar and the successful completion of the online assessment will secure a certificate of completion for 2 hours of Tax CPD.


Event Investment

Free for Tax Practitioner, Tax Accountant CPD subscribers and Practice Packages. Not a CPD subscriber yet? Click here to register now.

Regular price: R460.00

SAIT member special discounted rate: R368.00

Group booking discounts available when you register for a group.


Payments and cancellations

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    • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.
    • If the cancellation occurs less than 4 working days prior to the event a 100% cancellation fee will apply.
  • Delegates who book and fail to attend will be liable for the full event fee.
  • Taxfaculty`s liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
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