South Africa Business Requirements Specification Published in Relation to Draft Notification on CbC Report, Master File, and Local File

On 23 June 2017, the South African Revenue Service published the business requirements specification (BRS) as referenced in the draft public notice on the submission of Country-by-Country (CbC) report, Master file, and Local file information returns ({News-2017-06-07/P/3- previous coverage}). The BRS sets out the guidelines on the submission of the three documents, all of which are in line with Action 13 guidance. The CbC report is to be submitted via SARS eFiling using an online form (CbC01…