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News & Press: SARS News & Tax Administration

New fees for Binding Private Rulings and Binding Class Rulings

05 February 2013   (0 Comments)
Posted by: SAIT Technical
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By SARS Legal & Policy

In terms of section 81(1) of the Tax Administration Act, 2011, the Commissioner for the South African Revenue Service, may determine application and cost recovery fees for binding private rulings and binding class rulings issued under the advance tax ruling system. These fees are set out below:

Application fees:

Applicant Application fee
Small, medium and micro enterprises (SMME) R2 500
Any other taxpayer R14 000

Cost recovery fees:

Cost recovery fees will be charged at R650 per hour for all non-urgent applications. A fee of R1 000 per hour will be charged for all urgent applications.

Category Estimated fee range Estimation deposit (20% of higher amount) Hourly rate
Standard R10000 to R35000 R7 000 R650
Involved R35000 to R70000 R14 000 R650
Complex R70000 to R105000 R21 000 R650
Extraordinary Case-by-case Case-by-case R650
Urgent applications Case-by-case Case-by-case R1000


In addition to the above, any direct costs incurred in connection with an application will be recovered. These will however be subject to prior written approval being obtained from the applicant.


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.

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