Are you resident for tax purposes in another country other than South Africa?

By Nedgroup Investments

The Tax Administration Act 28 of 2011 (adopting aspects of the USA Foreign Account Tax Compliance Act (FATCA), and the OECD Common Reporting Standard (CRS) for Automatic Exchange of Financial Account Information) require us to collect certain information about investors’ tax arrangements and also classify all investors accordingly.

In order for Nedgroup Investments to comply; individual investors  and legal entities must complete the relevant self-certification. To do so, refer to the Change Details Form located in the Forms section of our website here and fill in the first page and the relevant tax residency self-certification section (Addendum 5 or Addendum 6).  This will allow us to determine if the investor is reportable to SARS under the provisions of the FATCA and/or the CRS.

To update our records and ensure that your investment with us is not reportable to SARS under this regulation, kindly complete a self-certification form and submit it to by 28 February 2017.

If you have any questions about your tax residency status and classification please consult a tax advisor as Nedgroup Investments cannot advise you in this regard.