South African Tax Residents

Must apply for AIT when transferring more than R1 million in a calendar year.

South African tax residents are permitted to transfer up to R1 million offshore annually under their Single Discretionary Allowance without obtaining an AIT.

However, to transfer amounts exceeding R1 million, up to R10 million, or even a higher amount, they must obtain a Tax Clearance Certificate for Approved International Transfers from SARS.

Non-Tax Residents

Must apply for AIT for any transfer of funds from South Africa.

Individuals who have ceased their South African tax residency and possess a “Notice of Non-Resident Tax Status” letter from SARS must obtain an Approval of International Transfers (AIT) PIN for each and every transfer of funds they wish to make out of South Africa. The standard Single Discretionary Allowance (SDA) of up to R1 million is not applicable to non-tax residents.