According to the overview of Tax Information Exchange Agreements that South Africa has concluded with third party jurisdictions as available on the website of the South African Revenue Service (SARS) the Agreement between the Government of the Republic of South Africa and the Government of Saint Christopher (Saint Kitts) and Nevis for the Exchange of Information relating to Tax Matters, as signed on April 7, 2015 (Hereafter: the TIEA) will enter into force on February 18, 2017.

Based on Article 12, Paragraph 2 of the TIEA (“”) the fact that the TIEA will enter into force as per February 18, 2017 means that the TIEA shall have effect:

(a)  for criminal tax matters, on February 18, 2017;

(b)  for all other matters covered in Article 1, for taxable periods beginning on or after January 1, 2018, or where there is no taxable period, for all charges to tax arising on or after January 1, 2018.

The TIEA arranges a.o. for the exchange of information upon request and the possibility to conduct tax examinations abroad.

Click here to be forwarded to the text of the TIEA as available on the website of SARS, which will open in a new window.

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