Print Page   |   Report Abuse
News & Press: SARS News & Tax Administration

BPR 120: transfer of interest-bearing receivables under corporate rules

14 September 2012   (0 Comments)
Posted by: SAIT Technical
Share |

By SARS Legal & Policy

SARS recently issued Binding Private Ruling (BPR 120).

This ruling deals with the treatment of interest-bearing receivables to be transferred in terms of the corporate rules contained under section 45 of the Act as read with section 24J of the Act.

The ruling is valid for a period of one year from 1 June 2012.

Click here to download BPR 120.


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.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

Membership Management Software Powered by®  ::  Legal