South Africa releases reminder on third party data submission for FATCA and CRS

On 15 May 2020, the South African Revenue Service (“SARS”) issued a reminder on third party data submission for the period 1 March 2019 – 29 February 2020, for the Foreign Account Tax Compliance Act (“FATCA”) and the Common Reporting Standard (“CRS”). The process is currently underway and will close on 31 May 2020. Submissions should be made ahead of the due date to avoid last minute challenges and potential delays.

Details on submission dates and the various reportable data types can be found in the table provided on the SARS website (Link).

Leave a reply

Your email address will not be published. Required fields are marked *

/* */