The purpose of Interpretation Note 23 was to provide guidance in respect of the application of the provisions of section 78(1A), (1B) and (1C) of the Income Tax Act.
The Tax Administration Act No. 28 of 2011 became effective on 1 October 2012. Section 78 of the Income Tax Act dealing with estimated assessments has been repealed by paragraph 64 of Schedule 1 to the Tax Administration Act. Section 95 of the Tax Administration Act now deals with estimated assessments.
Interpretation Note 23 is therefore withdrawn with effect from 1 October 2012.
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.