The South African Revenue Service has launched a public consultation on a draft public notice on the submission of Country-by-Country (CbC) report, Master file, and Local file information returns under a new business requirement specification reporting schema, BRS: CbC and Financial Data Reporting. The requirements apply for reporting fiscal years and financial years beginning on or after 1 January 2016.
Persons required to submit and the form of return include:
- A reporting entity (other t…