Hi all,
So i am wondering if anyone is clued up on exchange regulations?
I am going overseas to work for a short term contract and will be earning foreign currency. I will be paying foreign taxes and when i get home i will declare this on my local return and apply for any rebates in terms of any DTA we have.
Now hypothetically if was to leave all the money i earned there in that country when i come home is this against SARBs rules? I doubt it will happen but i am just wondering (prob will be spent).
Thanks in advance!
*edit i know ordinary if you take money out for travel you are required to convert it back within 30 days of coming home if there is anything left.
So i am wondering if anyone is clued up on exchange regulations?
I am going overseas to work for a short term contract and will be earning foreign currency. I will be paying foreign taxes and when i get home i will declare this on my local return and apply for any rebates in terms of any DTA we have.
Now hypothetically if was to leave all the money i earned there in that country when i come home is this against SARBs rules? I doubt it will happen but i am just wondering (prob will be spent).
Thanks in advance!
*edit i know ordinary if you take money out for travel you are required to convert it back within 30 days of coming home if there is anything left.
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