The Advance Tax Ruling System, provided for in Part IA of Chapter III of the Income Tax Act, No. 58 of 1962 (the Act), enables the Commissioner to issue rulings on proposed transactions. Section 76G(3) of the Act authorises the Commissioner to publish a list of issues for which applications for advance tax rulings may be rejected. This No Rulings List is supplementary to the exclusions, refusals and rejections contained in sections 76G(1) and (2).
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.