Is there a tax on bringing large amounts of cash in from offshore account?
By Marc Sevitz · Updated
The money is currently in an account in the Cayman Islands.
Everything I have read indicated allowances and limits taking money out of South Africa. Are there any tax implications bringing money in?
No, if he has earned the money outside of SA for which he has been gone longer than 183 days in order to earn that income then there shouldn't be a problem.