OrbitaxSouth Africa Enhancements to Trust Beneficial Ownership Information
|Approved Changes|South Africa
The South African Revenue Service (SARS) has announced enhancements to information on the beneficial owners of trusts, including the type of documents that must be submitted.
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Enhancements to Trust Beneficial Ownership information
15 September 2023 – SARS' aim is to record all beneficial owners of registered Trusts in order to comply with the Financial Action Task Force (FATF) requirements. In this regard, certain information must be submitted via e-Filing. These documents may include,…