South Africa: Business requirement specifications for FATCA, CRS, and CARF
Technical specifications and XML schema guidance
The South African Revenue Service (SARS) on February 16, 2026, announced the finalization of the updated business requirement specification (BRS) for the automatic exchange of information (AEOI). The BRS provides detailed technical and XML schema guidance for the common reporting standard (CRS) and FATCA.
Additionally, SARS has announced the finalization of the BRS for the cryptoasset reporting framework (CARF), effective March 1, 2026. This BRS sets out the technical specifications and XML schema guidance required for CARF reporting.
Read a March 2026 report prepared by the KPMG member firm in South Africa