Requesting FIA

NB: A previous step has not yet been marked as completed.
You might want to go back to ensure that any prerequisites have been completed.

NB: This step has not yet been marked as completed.
Please follow the instructions as detailed below and mark as complete when done.

Instructions

Once logged-in to SARS website, click on the ‘Tax Status’ button in the top right hand corner of the screen.

The bar on the left will change. Now click on ‘Tax Compliance Status’:

From the drop-down, select ‘Tax Compliance Status Request’ as below.

From the ‘Type’ dropdown list, select ‘Foreign Investment Allowance’.

Then click on the ‘Request’ button.

A new page will appear – if the following screen appears, please click the ‘x’ to close and then click the ‘Install Adobe Flash Player Now’ button. Follow the prompts and then return to this tab and refresh the page when complete.

The form below should be displayed.

Enter the fields as below:

Telephone numbers: Enter your cell phone number – you should receive SMSs about this application.

Email: Enter your email address – you should receive some confirmation from SARS when your application has been approved.

Is this request completed by an authorised representative on behalf of the taxpayer?: No – you are doing this yourself.

Total amount to be invested off-shore: The rand amount of liquid assets you have statements for. We suggest you round down to the nearest thousand to avoid confusion.

Expected annual income from this investment: calculate this to be 1% of the amount invested. Eg. if you said you wanted to invest R5m, then say R50 000 here.

Planned Investment Date: Enter today’s date – your application might be processed faster.

Type of Investment: Other

If “Other” please provide details: Cryptocurrency

Country where majority investment will be made: Germany or United States

Source of capital to be invested: Savings/Cash – only select another option if you have documentation to back it up.

Once completed with the first page, click on the blue arrow in the top left of the form:

Enter the current date in the only field available and then click on ‘Submit form’:

On the following page, you will receive a confirmation that your request has been submitted.

Copy the Request Ref No – you should paste this into the Letter.docx. Then click the ‘Continue’ button.

Mark as Complete