A critical analysis into the Organisation for Economic Co-operation and Development ‘Standard for Automatic Exchange of Financial Account Information in Tax Matters’

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dc.contributor.authorMohanlal, Dhanesh
dc.date.accessioned2018-07-03T07:13:31Z
dc.date.available2018-07-03T07:13:31Z
dc.date.issued2017
dc.descriptionA research report submitted to the Faculty of Commerce, Law and Management in fulfilment of the requirements for the degree of Master of Commerce specialising in Taxation. Johannesburg, August 2016.en_ZA
dc.description.abstractThe impact of the Organisation for Economic Co-operation and Development’s Standard on Automatic Exchange of Financial Account Information in Tax Matters has a significant impact on Financial Institutions globally. This paper aims to critically evaluate the current South African legislation and the obligations it places on financial institutions. The research also highlights the challenges faced by a financial institutions in interpreting and implementing the often complex requirements of the regulations with a particular focus on the following areas namely customer on-boarding and enhanced due diligence procedures, monitoring of accounts, remediation of the existing customer base, system development, and reporting to the South African Revenue Service. The research also looks into the readiness of developing countries in implementing the Automatic Exchange of Information. The research concludes with a discussion into the appropriateness of South Africa’s decision to agree to be one of the early adopters of this legislation despite the challenges identified above. Key Words: OECD, Standard on Automatic Exchange of Financial Account Information for Tax purposes, Common Reporting Standard, Financial Institutions.en_ZA
dc.description.librarianGR2018en_ZA
dc.facultyFaculty of Commerce, Law and Management
dc.format.extentOnline resource (78 leaves)
dc.identifier.citationMohanlal, Dhanesh (2017) A critical analysis into the Organisation for Economic Co-operation and Development ‘Standard for Automatic Exchange of Financial Account Information in Tax Matters’, University of Witwatersrand, Johannesburg, < https://hdl.handle.net/10539/24698>
dc.identifier.urihttps://hdl.handle.net/10539/24698
dc.language.isoenen_ZA
dc.rights.holderUniversity of the Witswatersrand, Johannesburg
dc.schoolSchool of Accountancy
dc.subjectOECD
dc.subjectCommon Reporting Standard, Financial Institutions
dc.subjectStandard on Automatic Exchange of Financial Account Information for Tax purposes
dc.subjectFinancial Institutions
dc.subjectUCTD
dc.subject.lcshTaxation--OECD countries
dc.subject.lcshTax administration and procedure--South Africa
dc.subject.otherSDG-8: Decent work and economic growth
dc.titleA critical analysis into the Organisation for Economic Co-operation and Development ‘Standard for Automatic Exchange of Financial Account Information in Tax Matters’en_ZA
dc.typeDissertationen_ZA
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