10 January 2018 South African Revenue Service publishes list of non-QCAA jurisdictions The South African Revenue Service (SARS) released an updated list of jurisdictions on December 29. 2017, with which South Africa does not have a Qualifying Competent Authority Agreement (QCAA) in effect by the time the Country-by-Country (CbC) report must be filed (note that first filings are due February 28). This means that South African taxpayers forming part of a foreign Multinational Enterprise (MNE) group may be required to file a CbC report with SARS, even though the Ultimate Parent Entity (UPE) is resident in a country other than South Africa, for example the United Arab Emirates or China. Document ID: 2018-0053 |
