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If you have secret offshore assets, chances are Sars knows about them
Common Reporting Standards (CRS) mean information is being exchanged with 87 foreign countries – and the figure is growing.
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Coming clean and volunteering information before Sars conducts an audit is likely to result in a better and more sympathetic outcome. Image: Shutterstock
If you have offshore assets that you expected to keep a secret from the South African Revenue Service (Sars), chances are it already knows about them
That’s because of an information sharing arrangement known as Common Reporting Standards (CRS) that is already in place in 87 jurisdictions, and that figure is growing. ....

South Africa , United States , South Africans , Pierre Cloete , Trevor Manuel , Exchange Control Amnesty , African Revenue Service Sars , International Wealth Prosperity , Disclosure Programme , National Treasury , Organisation For Economic Cooperation , South African Revenue Service , Common Reporting Standards , International Wealth , Voluntary Disclosure Programme , Exchange Control Amnesty Bill , Economic Cooperation , Financial Institutions , Foreign Account Tax Compliance Act , ஒன்றுபட்டது மாநிலங்களில் , ட்ரெவர் மானுவல் , பரிமாற்றம் கட்டுப்பாடு பொது மன்னிப்பு , சர்வதேச செல்வம் ப்ராஸ்பெரிடீ , வெளிப்படுத்தல் ப்ரோக்ராம் , தேசிய கருவூலம் , ஆர்கநைஸேஶந் க்கு பொருளாதார ஒத்துழைப்பு ,