Print Page   |   Report Abuse
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
Share |

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.


WHY REGISTER WITH SAIT?

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.

MINIMUM REQUIREMENTS TO REGISTER

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.

Membership Management Software Powered by YourMembership  ::  Legal