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

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

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