Thursday 8 April 2010

Foreign Investment Allowance, Exchange Control and Tax Matters

In view of the relaxation in exchange control announced by the Minister of Finance in the Medium-Term Budget Policy Statement, presented to Parliament during October 2009, South African residents may now invest up to R4 million abroad. Questions are often raised as to the fiscal consequences of making an investment abroad and, furthermore, the manner in which such investment should be structured.... read the full article by clicking here.

Read more interesting articles on tax by clicking here to access the February 2010 Tax ENSight newsletter written by the talented Edward Nathan Sonnenbergs tax team.

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