SA participates in the global information-sharing framework that requires foreign banks, investment platforms and financial institutions to report account information linked to South African tax ...
According to Sars, around 2 800 South Africans with assets exceeding R50 million collectively hold an estimated R150 billion offshore.
South Africans looking to work or settle abroad, whether for a few years or permanently, are increasingly trapped in a bureaucratic maze created by the South Af ...
Bank messages signal that bona fide non-resident bank accounts may soon be restricted unless additional tax compliance requirements are met.
There are clear merits to using a discretionary unit trust or offshore endowment. Asset allocation and estate planning must also be carefully considered.