Issue 2 of Interpretation Note 29 was issued by SARS today (19 February 2013).
This Note provides guidelines with regard to the method applied in the calculation of the rating amount applicable to farmers who elected that their tax be calculated at equalised rates of tax under paragraph 19(5) of the First Schedule to the Act.
This Note replaces Issue 1 that was published on 30 March 2005.
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.