Practical Guidance: Exchange Control


Duration: 2 Hours

Price: R195.00

Video Type: Single

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

Practical Guidance: Exchange Control

Duration: 2 hours

Price: R195.00


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Title / Topic

Practical Guidance: Exchange Control


Overview

Since the concept of formal emigration, as administered by the South African Reserve Bank, has been phased out, tax practitioners face 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’s like a broken record: 'Provide evidence of financial emigration before we classify you as a non-resident.' This video seeks practical solutions and addresses the confusion within SARB, ADs (banks), and SARS. Practical workarounds are considered and discussed.


Video 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

  • Exchange Control knowledge and guidance
  • Cessation of tax residency - the law and the process
  • Expats vs. residents temporarily abroad—how to reconcile Excon and tax rules
  • Application of tax treaty benefits
  • Tax and Excon rules applicable to foreign nationals and immigrants

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