South Africa
Overview of CbC reporting requirements
First reporting fiscal year: Commencing on or after 1 January 2016
Consolidated group revenue threshold: ZAR 10 billion
Filing deadline: 12 months following the end of the reporting fiscal year
The domestic legal and administrative framework
South Africa confirms that its rules have not changed and continue to be applied effectively. South Africa continues to meet all terms of reference.
The exchange of information framework
South Africa notified some late exchanges of CbC reports, due to error. The issue underlying this error has now been fixed and so no recommendation has been made.
South Africa confirms that its rules have not changed and continue to be applied effectively. South Africa continues to meet all terms of reference.