South Africa: Published Notice on Electronic Form of Record Keeping under the Tax Administration Act

On 1 October 2012, the South African Revenue Service (SARS) published a Notice on Electronic Form of Record Keeping under the Tax Administration Act. The Notice establishes that the records, books of account or documents retained in an electronic form under the Tax Administration Act must be kept and maintained at a place physically located in South Africa unless a senior SARS official issues an authorisation to keep records in an electronic form outside South Africa if certain requirements as satisfied.