Jersey Finance and CMS RM Partners were delighted to host this webinar entitled ‘South African Exchange Control: Relaxation of Loop Structures’.
Led by Andrew Wellsted, co-head of tax at CMS RM Partners, this webinar focussed on the South African Reserve Bank’s (SARB’s) implementation of a new capital flow management system in South Africa in early 2021. On 4 January, and effective from 1 January 2021, the SARB announced that the full “loop structure” restriction for private individuals and companies that are tax resident in South Africa had been lifted to encourage inward investments into the country.
During this webinar, Andrew explains what loop structures entail, the legislation dismantling and relaxing them, and any tax implications for clients.
For more information, please contact a member of our events team.