Expats, You’re Using a DTA Across the Border; What About Your Precious Funds?

Cue SARS’ AIT Application

As of 24 April 2023, the South African Revenue Service (SARS) changed the rules by which taxpayers have to play when it comes to applying for funds to be transferred internationally. If you have not heard by now, SARS’ introduction of a new dynamic application called Approval International Transfer (AIT) is enhanced and involves a strict Tax Compliance Status (TCS) verification process.

Delano Abdoll
Legal Manager: Cross-Border Taxation

John-Paul Fraser
Tax Attorney