The page on Exchange of Information Agreements has been restructured to accommodate the USA/FATCA Intergovernmental Agreement and distinguish between the different categories of exchange of information agreements.
This intergovernmental agreement (IGA) between the USA and the RSA has been signed on 9 June 2014 in Pretoria, but still needs to be ratified and published in the Government Gazette.
This IGA was concluded under the provisions of the double taxation agreement (DTA) that exists between the USA and the RSA since 1997.
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.