Due date for third party data submission: 31 October 2021

Third parties (banks, medical schemes, fund administrators etc.) are required, by law, to send information or data to SARS via a return. This means that a bank, for example, must provide information to SARS pertaining to the interest paid on savings in a taxpayer’s accounts. Medical Schemes are also required to send information on the total contributions made by individuals, expenses not covered by the Medical Aid as well as the number of dependants.

The period for the submission of data relating to the for the period 1 March 2021 – 28 February 2022 opened on 01 April 2022 and will close on 31 May 2022.

The data types as listed below have to be submitted to SARS, based on the requirements as set out in the applicable Business Requirement Specification (“BRS”) relating to that data type.

• ​Automatic Exchange of Information (FATCA & CRS), based on the requirements set out in the BRS which can be accessed here;
• ​IT3 (b, c, e, s), based on the requirements set out in the BRS which can be accessed here;
• ​Medical scheme contributions, based on the requirements set out in the BRS which can be accessed here; and
• ​Insurance payments, based on the requirements set out in the BRS which can be accessed here.

11/03/2022