South Africa | New 'beneficial ownership' reporting requirements for companies

17 July 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|South Africa

The Companies and Intellectual Property Commission (CIPC) recently announced the promulgation of amendments to the Companies Act 71 of 2008, in relation to beneficial ownership. The amendments, in part, give the CIPC a mandate to require companies to file and update Beneficial Ownership information, as and when applicable.
Failure to comply with the provisions relating to the beneficial ownership register requirements/beneficial interest register requirements constitutes an offense under the Comp…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.