South Africa - Enhanced tax transparency, automatic exchange of information 

October 16: The South African Ministry of Finance on 12 October 2013 announced that South Africa will work with the UK to address offshore tax evasion, and that South Africa will join the pilot program for automatic exchange of tax information launched by the UK, along with France, Germany, Italy, and Spain.

In joining this initiative, South Africa joins the growing number of jurisdictions committed to implementing a new standard for the automatic exchange of tax information being developed by the OECD.

As noted in a South African government release [PDF 30 KB], the G20 has committed to provide technical assistance to developing countries so that they benefit from greater tax transparency, given the importance taxation plays in governance and state-building. As part of this, the United Kingdom and South Africa have committed to a long-term partnership to support the tax capacity building of revenue authorities in the region.

Read an October 2013 report prepared by the KPMG member firm in South Africa: South Africa tightens up on offshore tax evasion

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