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South Africans living abroad can no longer ignore the AIT process | SA News

For years, many South Africans living abroad have operated under the radar, moving rental income, pension income, or interest out of the country with minimal red tape. However, a significant shift in South African Revenue Service policy and the exchange control regulations has ended this “era of ease”. If you reside abroad and have not yet formalized your tax position, your South African assets and your global financial privacy could be at risk.

Although the Approval of International Transfer (AIT) certificate has technically existed for some time, its impact was previously limited.

Historically, non-residents could expatriate South African-sourced income using a simple Tax Clearance…

Robben Island: A UNESCO World Heritage Site, this island served as a prison for
Nelson Mandela and other political prisoners during apartheid.

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