When it comes to tax clearance for your foreign investments, you will have to complete a great deal of paperwork and you will need to follow-up. Fortunately for you, this is a service that Gapex now offers to our clients.
What Documents Do I Need To Present?
When you apply for a Tax Compliance Status in respect of foreign investment allowance for individuals, you will need to submit the following documents for your application to be considered:
- Relevant material that demonstrates the source of the capital you want to invest. The material needed for this differs depending on the type, for example, loans, royalties, inheritance, etc. You can find the entire list on this page of the SARS website;
- Statement of assets and liabilities for the previous three tax years. This will have to include disclosure of all trusts, investments, loan accounts and distributions from local and foreign companies, etc; and
- Applicable Power of Attorney since the TCS application will be submitted by a person other than yourself.
What Will Gapex Do On My Behalf?
With your documentation and Power Of Attorney document, we will:
- Submit the application for you, therefore eliminating the time and costs you would have had to invest in this Tax Clearance step;
- Follow-up for you; and
- Let you know immediately when you have the Tax Clearance.
If this service is of interest to you and you want to get in touch with Gapex, fill in the form on our Contact Us page and Grant or Peter will contact you directly to discuss your financial needs in detail. Be sure to ask about our SARS Tax Clearance service and let us know if you have any questions about this procedure.