• The first option for the Single Discretionary Allowance • The second option for the Foreign Investment Allowance, also known as a Capital Allowance • The additional required information on approving an International Transfer (AIT) Application. • Supporting documents required to apply for foreign investment allowance for individual taxpayers. • Additional documents are required when the individual taxpayer ceases to be a tax resident in South Africa. • Supporting documents per source criteria: o Distributions from a trust o Donations o Earnings o Income from companies, local or foreign, where the taxpayer holds a direct or indirect beneficial interest o Inheritance o Investment income - local or foreign o Loans o Sale of crypto assets o Sale of property o Sale of shares • Tax compliance functionality on SARS e-filing

Tax practitioners and accountants who want to equip themselves to assist or advise their clients with the new requirements on tax compliance with funds transferred abroad.