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News & Press: SARS News & Tax Administration

BPR 128: Disposal of equity shares in a foreign company

10 December 2012   (0 Comments)
Posted by: SAIT Technical
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By SARS Legal & Policy

SARS issued Binding Private Ruling (BPR 128) on 10 December 2012.

This ruling deals with the disposal of equity shares in a foreign company, taking into account the calculation of the prescribed portion of assets held by that foreign company as contemplated in the definition of "foreign financial instrument holding company" in section 41(1) of the Act and relevance to paragraph 64B of the Eighth Schedule to the Act .

Please click here to download BPR 128.


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