Administration of Estates Act, 1965
R 385
Tax Administration Act, 2011 (Act No. 28 of 2011)RegulationsRegulations for purposes of Paragraph (b) of the Definition of "International Tax Standard" in Section 1 of the Tax Administration of the Tax Administration Act, 2011 (Act No. 28 of 2011), promulgated under Section 257 of the Act, Specifying the Country-By-Country Reporting Standard for Multinational EnterprisesPreamble |
| A. | The Republic of South Africa ("South Africa") has agreed to participate in the joint Base Erosion and Profit Shifting Action Project of the Group of 20 ("G20") and Organisation for Economic Co-operation and Development ("OECD"); |
| B. | The OECD/G20 Base Erosion and Profit Shifting Project Transfer Pricing Documentation and Country-by-Country Reporting, Action 13 — 2015 Final Report, which includes the Country-by-Country Reporting Standard, was published on 5 October 2015; and |
| C. | The Competent Authority of South Africa signed the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports on 27 January 2016; |
These Regulations specify the changes to the Country-by-Country Reporting Standard for Multinational Enterprises ("MNEs) required for South Africa’s circumstances.
