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News & Press: SARS News & Tax Administration

BCR 041 - Dividends Distributed by a Foreign Company

26 July 2013   (0 Comments)
Posted by: Author: SARS Legal and Policy
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Author: SARS Legal and Policy

On the 24th of July SARS issued Binding Class Ruling 041 which deals with Dividends distributed by a foreign company. This ruling deals with the question whether dividends distributed by a foreign company will be foreign dividends as defined in section 1(1) of the Act.

 To view the full BCR please click here:


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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