SARS issued Binding General Ruling (VAT) No. 4 (Issue 2) on 25 March 2013.
This BGR: •gives notice of the apportionment method, as contemplated in section 17(1), that a Municipality must use to determine the amount of VAT to be allowed as input tax in respect of the acquisition of goods or services for a mixed purpose; •modifies BGR 4 "Apportionment Methodology to be Applied by Category A Municipalities” dated 21 January 2010; and •withdraws BGR 10 "Apportionment Methodology to be Applied by Category B Municipalities” dated 28 March 2012.
This BGR is effective from 1 April 2013 and is valid for an indefinite period.
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.