On 3 April 2015, a discussion draft was released on Action 3 (Strengthening CFC Rules) of the BEPS Action Plan.
As part of the transparent and inclusive consultation process mandated by the Action Plan, the Committee on Fiscal Affairs (CFA) invites interested parties to send written comments on this discussion draft which will be discussed at the public consultation.
The public consultation meeting is open to the public and the press. Persons wishing to attend this meeting will be able to register on line.
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.