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News & Press: SARS News & Tax Administration

BPR 129: Beneficial owner of dividends

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

SARS issued Binding Private Ruling (BPR) 129 on 10 December 2012.

This ruling deals with the exemption from dividends tax of dividends received by a company, as a result of being the beneficial owner thereof, that were paid in respect of that company's own shares.

Please click here to download BPR 129.


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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