Supporting documents for foreign investment allowance required by SARS

SARS has increased their requirements for applications for Tax Clearance for Foreign Investments.

The following additional documentation and/or information is required for investors who exceed the Single Discretionary Allowance (SDA) of R1 million within a calendar year:

  • Relevant material that demonstrates the source of the capital to be invested (see below SARS link)
  • Statement of assets and liabilities for the previous three tax years (this should include disclosure of all investments, loan accounts and distributions from local and foreign companies, trusts, etc.)
  • Relevant material for tax returns of the previous three tax years (this should include interest schedules, CGT calculations, financial instruments, etc.)

More information can be found on the SARS website –

If you need any further information or assistance please contact us.