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Exchange Control Circular No. 8/2012
Circular Reference: Exchange Control Circular No. 8/2012
Circular Date: 28 June 2012
Circular Status: Withdrawn (see Exchange Control Circular No. 1/2013)
Foreign Investments in excess of R4 million
Flowing from representations made, Authorised Dealers are advised of the following amendment to the Exchange Control Rulings:
Section B.2(B)(i)(g)
A second paragraph has been added as follows:
“Private individuals wishing to avail of this dispensation must first approach SARS to obtain a Tax Clearance Certificate, in the prescribed format, which must accompany their application to the Financial Surveillance Department for consideration.”
A copy of the prescribed Tax Clearance Certificate is attached for ease of reference.
A replacement page of the Exchange Control Rulings incorporating the relevant amendment is attached hereto.
Deputy General Manager