On 23 December 2016, the South African Revenue Service (SARS) published Notice No. R. 1598, which includes the final regulations specifying the Country-by-Country (CbC) reporting standard for multinational enterprises based on the guidelines developed as part of BEPS Action 13.
CbC Report Filing Obligation
The applicable threshold for the CbC reporting requirements depends on whether the ultimate parent entity of the group is resident in South Africa or in another jurisdiction. If the ul…