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South Africa: Clarification of AEOI implementation

South Africa: Clarification of AEOI implementation

The South African Revenue Service (SARS) announced that implementation of the automatic exchange of information (AEOI) system is in line with new upgrades from the Organisation for Economic Co-operation and Development (OECD) with an effective date of 1 January 2021.

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Additional SARS guidance includes:

  • AEOI clarification notes
  • Election by FATCA submitters not to populate the “RFI filer category” field when a “sponsor filer category” is already being supplied

Read a November 2020 report [PDF 77 KB] prepared by the KPMG member firm in South Africa

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