The South African Revenue Service (SARS) has published an updated list of jurisdictions that have an effective CbC report exchange agreement with South Africa as on 22 June 2021, as well as those that have an international agreement, but not a CbC exchange agreement. This list is important in relation to local non-parent constituent entity filing of CbC reports (secondary filing).
In general, a local non-parent constituent entity is required to submit a CbC report in South Africa if its gr…