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Banking, money and taxes

Banking, Money and Taxes

Banking

In South Africa there are several international and local banks whereby each of them offer expats various options for managing their finances.

The currency in South Africa is known as the South African Rand (ZAR) and subdivided into 100 cents.

Notes –  R10, R20, R50, R100 and R200

Cents – 10c, 20c, 50c, R1, R2, R5

The major banks in South Africa are –

  • ABSA
  • First National Bank
  • Standard Bank
  • Nedbank

Private banks such as Investec and Rand Merchant Bank (RMB), by opinion, offer more professional services and advice to expats.

Visa and MasterCard are widely accepted in South Africa, whereby America Express and Diner’s Club are mostly accepted in major centres and tourist locations.

Tax

Many expatriates choose to remain non-residents due to taxation purposes. If an expatriate is a resident in South Africa he/she will be taxed on their worldwide income, including any assets that remain overseas. A non-resident only gets taxed based on his/her South African income and assets.

It is advised that an expat consult with a South African accountant and an accountant from their home country. However, in addition to our Work Permit Services, we are also able to provide you services based on taxation.

For advice or assistance with a visa application, please contact us on:

011 467 0810
or Send a Mail

Services

  • Our Services
  • Corporate clients
  • Individual Clients
  • Employee Xpatweb Immigration Tracker
  • Accurate Time Planning
  • Specialist Legal Services
  • Other Services
For advice or assistance with a visa application, please contact us on:

011 467 0810
or Send a Mail

Recent Posts

  • NEWS | PRELIMINARY CRITICAL SKILLS LIST NOW AVAILABLE
  • NEWS | SOUTH AFRICA MUST BE COGNISANT ATTRACTING SKILLS HAPPENS AGAINST BACKDROP OF GLOBAL DEMAND
  • NEWS | SOUTH AFRICA’S MOST SOUGHT AFTER SKILLS
  • NEWS | MAURITIUS OFFERS NEW PREMIUM LONG-STAY VISA FOR FREE
  • NEWS | 10-YEAR UAE GOLDEN VISA AT HAND FOR FOREIGN NATIONALS WITH SCARCE SKILLS

Find Us

Johannesburg:
Wrigley Field Building
The Campus
57 Sloane Street
Bryanston
2021
Gauteng
South Africa

George:
55 York Street
Dormehls Drift
George, 6529
South Africa

Useful links

Department of Home Affairs
Department of Labour
Immigration Act
BCEA Act

Latest News

  • Preliminary Critical Skills List Now AvailableNEWS | PRELIMINARY CRITICAL SKILLS LIST NOW AVAILABLE12/21/2020 - 09:08
  • SA-To-Be-Aware-Of-Attracting-Skills-Against-Backdrop-Of-Global-Demand-XPNEWS | SOUTH AFRICA MUST BE COGNISANT ATTRACTING SKILLS HAPPENS AGAINST BACKDROP OF GLOBAL DEMAND12/15/2020 - 11:57
  • ft-South-Africas-Most-Sought-After-Skills-XPNEWS | SOUTH AFRICA’S MOST SOUGHT AFTER SKILLS12/03/2020 - 07:25
  • NEWS | MAURITIUS OFFERS NEW PREMIUM LONG-STAY VISA FOR FREE12/01/2020 - 09:03
  • 10-Year UAE Golden Visa At Hand For Foreign Nationals With Scarce SkillsNEWS | 10-YEAR UAE GOLDEN VISA AT HAND FOR FOREIGN NATIONALS WITH SCARCE SKILLS11/26/2020 - 09:31

Disclaimer

Work Permits SA subscribe to Google’s rules on transparency. We are a privately-owned immigration practice and as such comply with the Immigration Act of South Africa. We are not the South African Government. We charge for our expertise in successfully applying for temporary and permanent residency services. Forms that are supplied during the process can be collected free of charge at any Department of Home Affairs office but are provided as part of the service. Users who wish to do so can contact the Department of Home Affairs directly at www.home-affairs.gov.za.
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