OrbitaxSouth Africa Introduces Simplified Beneficial Owner Register for Partnerships
|Approved Changes|South Africa
The South African Revenue Service has announced the introduction of a simplified beneficial owner register for partnerships.
---
Simplified Beneficial Owner Register for Partnerships
22 April 2026 – During the 2024 Filing Season, SARS issued a notice implementing a new requirement for taxpayers who are in a partnership to declare the details of his or her partners on the ITR12, in line with the beneficial-owner regulations. This declaration is required by the General Laws (Anti-Money Lau…