n Without Prejudice - Exchange control and Intellectual Property : tax
|Article Title||Exchange control and Intellectual Property : tax|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Aug 2012|
South Africa's exchange controls are governed by the regulations issued under the Currency and Exchanges Act (9 of 1933). Regulation 10(1)(c) deals with restrictions placed on South African residents with regard to the export of capital and stated (prior to the recent amendments thereto discussed later in this article) that: "No person shall, except with permission granted by the Treasury and in accordance with such conditions as the Treasury may impose, ... enter into any transaction whereby capital or any right to capital is directly or indirectly exported from the Republic".
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