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Binding Class Ruling BCR 039: Reduction of STC credit & sections 64G(2)(a) & 64H(2)(a) declarations

24 April 2013   (0 Comments)
Posted by: Author: SARS Legal & Policy
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Source: SARS Legal & Policy

SARS issued Binding Class Ruling 039 on 24 April 2013.

This ruling deals with the obligation of a company or a regulated intermediary to notify a beneficial owner of a dividend to be paid in cash or distributed in specie of the amount by which the dividend will reduce the STC credit of the company paying the dividend and the publication of that notice. 

Please click here to download BCR 039.


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.


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.

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