The Tax Consulting Podcast
Welcome to the Tax Consulting Podcast, your trusted source for expert insights into South African tax matters.
Featuring a range of specialists from various departments across Tax Consulting South Africa, including legal, tax, and accounting professionals, each episode offers in-depth discussions on key topics such as expatriate tax, tax residency, SARS updates, compliance strategies, and more.
Whether you are an affluent individual, expatriate, or business, our podcast provides the knowledge and guidance needed to confidently manage your tax obligations, mitigate risks, and maximise opportunities.
The Tax Consulting Podcast
Common Exchange Control Misconceptions: What South Africans Must Know
Many South Africans remit funds abroad or receive international transfers, but misconceptions about exchange control regulations can lead to financial and legal pitfalls. In this podcast, tax attorneys Richan Schwellnus and Michelle Phillips break down the key considerations for individuals and businesses dealing with cross-border transactions.
Topics Covered:
00:00 - Introduction to Exchange Control Regulations
00:31 - Common misconceptions and key mistakes
01:26 - How offshore transfers, travel spending, and credit cards impact allowances
04:13 - SARB approvals, banking requirements, and compliance obligations
07:06 - Expert advice on avoiding financial risks and penalties
Stay informed, seek professional guidance, and ensure compliance to avoid costly mistakes. https://bit.ly/4bqRKCD
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