Yesterday we looked at how bank's are likely robbing you for transferring funds offshore.
BUT...
There is more to it. More frustration.
More problems.
More cost.
A lot of people only look to take out less than R1M per year, which is allowed on your discretionary allowance through SARS...
But, if you have sold property or something big, you are going to need more than that.
And what does that mean...?
It means you have to apply to SARS for a tax clearance certificate...
(which, for a many of persons can be a NIGHTMARE...)
SARS is unfortunately a government institution of with less-than-acceptable service, and I know people who have waited MORE THAN 3 MONTHS for the clearance certificate...
Crazy right?!
Well, this is not only because of SARS inefficiency, but generally because persons go (once again) to their bank in order to get this process done. Or else to their accountant.
Which means more delays and time wasted...
...because these entities do not do this as a matter of course for clients
...and will likely charge you for handling this for you as well!
So once again... it seems like another brick wall we face when we are trying to take personal funds out of the country.
BUT that needn't be so...
We can change this for you...
With Exchange4Free, they do this day in and day out for clients, have the right contacts at SARS who they know will get the job done.
And get it done quickly...
And best of all - for FREE!
So... if you ever need a tax clearance cert, you know who to go to.
Best regards,
James
P.S. The above-mentioned facility is focused on individuals. But we also have negotiated a special no-cost alternative for business clients involved in forex. You will find this option on the same page when you hit this link.
