Important note to SAVCA members on regulation and reporting: Automatic Exchange of Information: FATCA and OECD CRS

Automatic Exchange of Information: FATCA and OECD CRS The new SARS Business Requirement Specification (BRS) issued on 24 June 2016 is significantly different from the FATCA BRS that has been in existence for the past two reporting periods.  The following are important when completing the new submission to SARS: Mandatory indicators in the BRS include…

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