SARS Update | The New AIT Process

Without any prior notification, on 24 April 2023, SARS released new enhancements to the process for international transfers. These changes will be directly felt by all South African tax residents doing above R1m foreign investment allowance transfers, as well as financial emigration, which is now one combined SARS process.

This session aims to provide a high-level overview on the new Tax Clearance process required to make international transfers.

Speaker: Tax Consulting SA – Jerry Botha (Directing Manager).

By attending, you will gain an understanding of:

• The context behind the change and SARS’ strategic intent;
• Why there is a risk of criminal sanction in the application process and risk mitigation hereon;
• Unpacking the supporting documents and disclosures required to get the application right;
• Latest insights received from SARS on what to expect after the application;
• Examples of successful and rejected outcomes; and
• Lessons learnt and strategy for dealing with potential SARS audits.

Overall, this webinar offers an excellent opportunity to gain a deeper understanding of these changes and how they affect you.

Watch the replay below:

You will also have the chance to actively engage with Jerry and his team from Tax Consulting SA and have all your burning questions answered. We encourage plenty of questions and conversations during our webinars.

This event is free, but registration is essential.