SARS has a database of South Africans’ offshore holdings – Polity

SARS has a database of South Africans’ offshore holdings

South Africans who are moving money and assets offshore must keep in mind that the foreign financial institutions they are investing with are obligated to share the taxpayer’s investment information with the South African Revenue Service (“SARS”). While taxpayers may transfer as much money as they w…

https://www.polity.org.za/article/sars-has-a-database-of-south-africans-offshore-holdings-2022-12-07

Advertisement

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s