Print Page   |   Report Abuse
News & Press: SARS News & Tax Administration

BPR 141: Transfer of securities from an untaxed policyholder fund of a long-term insurer

30 March 2013   (0 Comments)
Posted by: SARS Legal & Policy
Share |

Source: SARS Legal & Policy

Binding Private Ruling (BPR) 141 was issued by SARS on 28 March 2013.

This ruling deals with the question as to whether the transfer of securities from an untaxed policyholder fund (UPF) of one long-term insurer to a UPF of another long-term insurer will be exempt from securities transfer tax.

Please click here to download BPR 141


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.

Membership Management Software Powered by YourMembership  ::  Legal