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South Africa: CRS proposals included in budget

South Africa: CRS proposals included in budget

South Africa’s budget for 2019 includes proposals regarding the common reporting standard (CRS) regime.

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The budget proposes for the OECD’s model mandatory disclosure rules to be implemented in South Africa. This would identify and aim to address offshore structures and arrangements designed to circumvent financial account reporting under the CRS regime.
 

Read a March 2019 report [PDF 84 KB] prepared by the KPMG member firm in South Africa

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