Tax clearance Certificate – SARS

Tax clearance certificates must be obtained from SARS for all money transfer and foreign exchange transactions out of South Africa that exceed the one million discretionary allowance.

Whilst the allowances have recently been increased substantially and a new annual foreign investment allowance has been introduced, foreign exchange control regulations remain in clearance certificate sars

These foreign exchange control regulations dictate that a person must get a tax clearance certificate as part of their application for permission to transfer money out of South Africa.

As part of the service offered by Incompass Forex we are able to assist and in most cases obtain, free of charge, the tax clearance certificate on behalf of our clients.

Incompass Forex specialises in assisting South Africans to transfer money out of South Africa. We offer superior service, expert knowledge and the best foreign exchange rates – all just a phone call away.

If you are looking to transfer money out of South Africa and require a tax clearance certificate get in touch with Incompass Forex today.

Ring us now on + 27 (0) 21 424 2936 during office hours or request call back here.