South Africa: Third-party data annual submissions open | KPMG | GLOBAL

South Africa: Third-party data annual submissions open

South Africa: Third-party data annual submissions open

The South African Revenue Service (SARS) on 1 April 2017, opened the third-party data annual submissions process for the period 1 March 2016 – 28 February 2017. Submissions will be accepted until 31 May 2017.

1000

Related content

The third-party data annual submission process includes a trade test platform, which is open until 12 May 2017, and a production platform. Production submissions will be accepted from 13 May 2017 until 31 May 2017.

The notification advises financial institutions:

  • To use the SARS trade test platform prior to making the production submissions to make certain that the submissions are validated
  • With no financial accounts to report, are required to submit a "nil" file and a declaration form as proof

 

Read an April 2017 report [PDF 58 KB] prepared by the KPMG member firm in South Africa

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit