CHANGING HANDS, CHANGING CURRENCIES – SARB APPROVAL FOR CROSS-BORDER TRANSACTIONS

In light of recent developments on the sides of both the South Africa Revenue Service (“SARS”) and the South African Reserve Bank (“SARB”), the regulatory burden for the cross-border flow of funds, resulting from transactions concluded between South African residents and foreign parties, has been significantly eased.

Jashwin Baijoo

Jashwin Baijoo
Legal Manager: Africa Tax and Compliance

Elanie Nunez

Elanie Nunez
Tax Attorney