South Africa: FATCA and CRS third party data submission period
The South Africa Revenue Service announced the opening of its third party data annual submissions process.
FATCA and CRS third party data submission period
The South Africa Revenue Service (SARS) on 18 March 2024 announced the opening of its third party data annual submissions process for the period of 1 March 2023 through 29 February 2024, which includes submissions for the automatic exchange of information under FATCA and common reporting standard (CRS).
The test platform will go live on 1 April 2024 and will remain open throughout the submissions period, but will allocate additional resources and support to provide that testing receives priority attention during the trade testing window.
Production submissions can be made from 16 April 2024 to 31 May 2024. SARS advises taxpayers to submit data as soon as it is ready, as it expects delays due to volume in the final two weeks.
Read a March 2024 report prepared by the KPMG member firm in South Africa
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