Tax Administration Act, 2011 (Act No. 28 of 2011)
Regulations for purposes of paragraph (a) of the Definition of "International Tax Standard)" in Section (1) of the Tax Administration Act, 2011 (Act No. 28 of 2011), promulgated under section 257 of the Act, Specifying the Changes to the OECD Standard for Automatic Exchange of Financial Account Information in Tax Matters
Notice No. R. 1070 of 2020
Notice No. R1070
9 October 2020
South African Revenue Service
For purposes of paragraph (a) of the definition of "international tax standard" in section 1 and under section 257 of the Tax Administration Act, 2011, I, Tito Titus Mboweni, the Minister of Finance, hereby specify in the Schedule hereto, the changes to the Organisation for Economic Cooperation and Development ("OECD") Standard for Automatic Exchange of Financial Account Information in Tax Matters (hereinafter "the Standard"), which encompasses the "Common Reporting Standard".
These Regulations repeal the Regulations published in Government Gazette No. 39767 of 2 March 2016 and take effect from 1 June 2021, except for paragraph B of Section XI, which takes effect from 1 March 2023.
Minister of Finance