Interpretation Note 69 was issued on 12 February 2013.
This Note –
• provides guidance on the application of selected sections of the Act and paragraphs of the First Schedule to persons carrying on game-farming operations, with its primary focus being the provisions applicable to livestock;
• is not intended to deal with farming in general; and
• replaces Practice Note No. 6 dated 30 July 1999.
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.