Re: [Debconf-team] DC16 Decision Meeting - Second take
Hi Gunnar (2015.02.13_19:23:04_+0200)
> This section now says that basically all attendees can enter without
> worrying about their personal money.
Yes, I mentioned exchange control, because it may affect the conference
organization, but of course, people then panic. It really shouldn't
affect attendees.
> However, what would it mean to DebConf's operative money? We work with
> quite a high budget, and we receive (and spend) it throughout many
> months. Also, that transfers over R1m have to pay 10% tax. What would
> this mean for our finances? 10% tax on all money we use for paying
> expenses in South Africa? (i.e. most of our budget, aside from travel
> sponsorship)
These aren't hard and fixed taxes, as far as I know. Large transfers
require reserve bank approval, and that may be contingent on a tax. I'm
fairly sure money coming *into* the country won't be an issue, it's
moving it out, that concerns the reserve bank.
I think we'd want to avoid having Debian make a loan to DebConf, that
has to be paid back, from funds raised in South Africa. If we need a
loan within South Africa, for cash flow, it may be cheaper not to get
this from Debian.
Obviously we'll take more financial advice, when we are committed to
hosting the conference.
But I'm suspecting, that if we can keep transport bursaries out of the
country, and we only have to deal with other expenses, we should go
under the reserve bank's radar.
We should also not expect to be able to make instant international
transfers. Some times they will be immediate, sometimes they may take a
few days.
SR
--
Stefano Rivera
http://tumbleweed.org.za/
+1 415 683 3272
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