Addressing FATF greylisting: Changes to trust and PBOs reporting requirements in South Africa
The increased scrutiny of trusts and PBOs as a response to combating money laundering and terrorist financing South Africa’s tax landscape is undergoing significant changes regarding trust reporting requirements, spurred by the recent greylisting of the country by the Financial Action Task Force (FATF). The South African Revenue Service (SARS) has implemented new regulations that […]