On 30 January 2014, the OECD invited comments from interested parties on the Discussion Draft on transfer pricing documentation and country-by-country reporting related to Action 13 of the BEPS Action Plan. The OECD now publishes the comments received.
The OECD is grateful to the commentators for their input, which will be discussed by Working Party No. 6 of the Committee on Fiscal Affairs at its March and May 2014 meetings, and during the Public Consultation to be held in Paris on 19 May 2014.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.