Tax Administration Act, 2011 (Act No. 28 of 2011)
Duty to Keep the Records, Books of Account or Documents in terms of Section 29 and in the form in terms of Section 30 of the Tax Administration Act, 2011 (Act No. 28 of 2011)
2. Persons required to keep certain records, books of account or documents
A reporting financial institution is required to keep the records, books of account or documents that enable the institution to demonstrate that it has observed the requirements under the intergovernmental agreement as further specified in the BRS: FATCA AEOI return.