Sars makes it tougher to take your cash out of SA

25 Jun 2023

Riana De Lange

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According to tax experts, the application process has also been strengthened to ensure that all taxpayers meet their full tax liability according to their earnings. Photo:: Gallo Images/Fani Mahuntsi

BUSINES

The stricter application process at Sars for approval for international transfer (AIT) partly follows after South Africa was placed on the international Financial Action Task Force’s grey list in February for stricter international financial monitoring to prevent money laundering and funding of terrorism.

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