Tag: FinancialRegulations
SARB’s new rules – implications for transferring income abroad
At the end of October 2025, the South African Reserve Bank (SARB) introduced significant changes to how cross-border income transfers are processed. These updates tighten compliance and strengthen the alignment between SARB and the South African Revenue Service (SARS). Under SARB’s new rules, no South African-sourced income may be transferred abroad until SARS verifies an individual’s non-resident tax status and overall tax compliance.
