Public Notice 1117 related to Country-by-Country (CbC) reporting in South Africa was published in 2017. Key details include:

• Publication: Issued on 20 October 2017 under Government Gazette 41186.
• Purpose: Requires Multinational Enterprises (MNEs) to submit CbC Reports, Master Files, and Local Files to SARS under section 25 of the Tax Administration Act.
• Effective Date: Applies to Reporting Fiscal Years starting on or after 1 October 2016 (retroactively covering periods from late 2016 onward).
• Implementation: The first filing deadline was 31 December 2017, later extended to 28 February 2018 via Notice 1380.

Thresholds:

• CbC Reports: Required for MNEs with consolidated group revenue ≥ R10 billion.
• Local Files: Mandatory for entities with affected transactions exceeding R100 million.

The 2017 Public Notice 1117 aligns with OECD BEPS Action 13 requirements.