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Interpretation Note: No.49 (Issue 2)

15 March 2013   (0 Comments)
Posted by: Erich Bell
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SARS recently issued an Interpretation Note that provides guidelines on the documentary proof that must be obtained and retained under section 16(2) to substantiate a vendor’s entitlement to "input tax” as defined in section 1(1), or a deduction as contemplated in section 16(3)(c) to (n).

Please click here to download the Note.


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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.

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