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News & Press: SARS News & Tax Administration

BCR 036: Reserves of a collective investment scheme in securities & distribution to unitholders

30 November 2012   (0 Comments)
Posted by: SAIT Tecnical
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By SARS Legal & Policy (Advance Tax Rulings)

Binding Class Ruling (BCR) 036 was issued on 29 November 2012.

The ruling deals with the tax treatment that will be applicable in respect of reserves held by a collective investment scheme in securities that will be distributed to unitholders in the scheme.

The ruling is valid for 5 years from 16 October 2012.

Please click here to download BCR 036.


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.

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