South Africa opens SARS Third Party Data Annual Submission process

On 2 March 2020, the South African Revenue Service (“SARS”) announced the opening of the Third-Party Data Annual Submission process for the period 1 March 2019 – 29 February 2020. The process is open from 1 April 2020 to 31 May 2020. Details on submission dates and the various reportable data types, including Common Reporting Standard (“CRS”) and Foreign Account Tax Compliance Act (“FATCA”) data, can be found in the table provided on the SARS website (Link).

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