South Africa: Third-party data annual submissions process for AEOI closed

South Africa announced the closure of its third-party data annual submissions process for the 2022 reporting period

South Africa announced the closure of its third-party data annual submissions process

The South African Revenue Service (SARS) announced the closure of its third-party data annual submissions process for the 2022 reporting period, which includes submissions for the automatic exchange of financial information (AEOI)—related to the FATCA and common reporting standard (CRS) regimes.

SARS urged third-party data providers with outstanding data submission to submit their data files and declarations immediately, as incomplete, late, or non-submissions may result in penalties and impact their respective clients.

Read a June 2022 report [PDF 394 KB] prepared by the KPMG member firm in South Africa

 

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