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Dear SACanada members, We are currently in the process of opening a RBC bank account and need to get the documents notarized. Some of the lawyers i've contacted charge exorbitant fees for this service.... I was hoping someone might be able to assist with a contact of a public notary who might be able to assist us without charging and arm and a leg. I understand it's a service and they charge for it ,but R2000 - R3000 for a few documents seems insane. We are staying on the West rand of Johannesburg. Would appreciate any pointers or contacts you can share!
Hi everyone, Below is a summary of the SARB Excon regulation , for the "Single Discretionary allowance". I know there has been some confusion regarding when you are allowed to use this allowance. Single discretionary allowance Residents (natural persons), who are over the age of 18 years may be permitted to avail of a single allowance within an overall limit of R1 000 000 per individual per calendar year, without the requirement to obtain a Tax Clearance Certificate, which may be apportioned as follows: · Monetary gifts and loans · donations to missionaries · maintenance transfers · alimony and child support payments · wedding expenses and other special occasions · foreign capital allowance( investment allowance ) · travel allowance · study allowance Except for GIFTS, the single discretionary allowance may not be availed of by residents living temporarily abroad nor may the single discretionary allowance be used to disguise transfers for other purposes for which foreign exchange would otherwise be refused. Thus, if you have moved to or been living in Australia (before 1 Jan 2014 - current calender year), you need to use the Foreign Investment allowance option to transfer your funds, as you are now a SA Resident temporarily abroad. We can assist you with the tax clearance applications as well as the transfer of funds. Please feel free to send me a PM or email me at email@example.com.