South Africa


  • Industry: Financial Services
  • Type: Business and industry issue
  • Date: 2013/07/25

FATCA for South African Financial Institutions 

The Foreign Accounts Tax Compliance Act (FATCA) is here, and is set to have a material impact on the operational and strategic activities of South African Financial Institutions
KPMG Foreign Accounts Tax Compliance Act Intergovernmental Agreement South Africa
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This document is a brief overview of FATCA and the steps that the South African Government is taking to implement it in South Africa. It outlines the obligations that FATCA and the Intergovernmental Agreement (IGA) imposes on Foreign Financial Institutions and the steps that these foreign financial institutions should take in becoming FATCA compliant.


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Gordon Richardson
Tel: +27 82 719 0261