AIT Process Links Non-Compliant Companies to Individuals

Individuals and companies alike have seen increased scrutiny from the South African Revenue Service (SARS) since the greylisting of South Africa (SA) by the Financial Action Task Force (FATF). One key aspect of this has been the introduction of the new complex and document-heavy Approval for International Transfer (AIT) Tax Compliance Status (TCS) process for the remittance of funds out of SA.

Victoria Lancefield

Victoria Lancefield
Director of Expatriate Tax and Banking Engagement

Ashley Clüver
Manager at Africorp Treasury

Celina Stewart
Treasury Support