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+27 (12) 010 0916
+27 (21) 554 5832
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A South African with a valid green ID book or smart card has a single discretionary allowance of R1 million per person over the age of 18 years. The allowance runs from 1 January to 31 December and no tax clearance is required to avail of this allowance. Please note travel forex, land arrangements and any other foreign transactions forms part of your single discretionary allowance.
A taxpayer in good standing and over the age of 18 years, can invest up to R10 million in his/her name outside the Common Monetary Area (CMA-Lesotho, Swaziland, and Namibia), per calendar year. A Tax Clearance Certificate for foreign investments must be obtained.
Kudex assist individuals in the procedures obtaining tax clearance certificates free of charge, validating your status as a tax-payer for offshore investment purposes.
Services Available pertaining to the above allowances:
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Kuda FX subscribes to the South African Association of Treasury Advisors’ (SAATA) FX Global Code and is a member of Kuda Holdings
PRETORIA OFFICE
Tel: +27 12 010 0916
Street Address:
Sunwood Office Park
Unit 6b
Queens Crescent
Menlo Park, 0081
Willem Smith – Forex Relationship Manager
Cell: 072 708 9813
CAPE TOWN HEAD OFFICE
Tel: +27 (21) 554 5832
Street Address:
Big Bay Office Park
16 Beach Bay Boulevard
Cormorant Road
Second Floor Office 201
Big Bay, Cape Town
7441
Beulah Brown – Forex Relationship Manager
Cell: 072 272 3866