New AIT Enhancements Not to be Taken Lightly

On 24 April 2023, the new enhanced Tax Clearance Status System, was introduced, this being the Approval for International Transfer, or AIT application, as it has been coined. Without much fanfare, SARS’ immediate implementation of this new process may have come as a shock to the market, generating some uncertainty amongst financial professionals.

Jashwin Baijoo
Head of Strategic Engagement & Compliance