On 23 December 2016, the South African Revenue Service (SARS) published Notice No. R. 1598, which includes the final regulations specifying the Country-by-Country (CbC) reporting standard for multinational enterprises based on the guidelines developed as part of BEPS Action 13. CbC Report Filing Obligation The applicable threshold for the CbC reporting requirements depends on whether the ultimate parent entity of the group is resident in South Africa or in another jurisdiction. If the ultimate parent entity of an MNE group is resident in South Africa, it must file a CbC report for the reporting fiscal year if the consolidated annual...