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News & Press: SARS News & Tax Administration

BPR134: Exemption under s10B(2)(a) of foreign dividend deemed to be received by a resident

24 January 2013   (0 Comments)
Posted by: SAIT Technical
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By SARS Legal & Policy

SARS issued Binding Private Ruling 134 (BPR 134) on 23 January 2013.

This ruling deals with the income tax consequences with regard to an election made by a person under section 4(1) of the Amnesty Act that deemed the person to be the holder of any foreign asset which was held on 28 February 2003 by a discretionary trust which is not a resident of South Africa.

Please click here to download BPR 134.


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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