Exchange Agreements South Africa

It is intended to complement the rules and measures in force. Banks around the world have to go through their customers` accounts and then share this information with the various tax departments. The standard extends widely to the extent that it is designed to cover a wide range of income, such as interest, dividends and insurance policy payments. Financial institutions that are required to report on the information include banks, brokers, certain collective investment vehicles and certain insurance companies. This agreement, published in April 2002, is not a binding instrument, but includes two model bilateral agreements. A large number of bilateral agreements have been based on this agreement (see below). This list is important for the local non-parent company that submits CbC (secondary application) reports. . . .