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Issue 3 Interpretation Note 19 - Year Of Assessment Of Natural Persons And Trusts: Accounts Accepted

11 October 2013   (1 Comments)
Posted by: Author: SARS Legal and Policy
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Author: SARS Legal and Policy

SARS published Issue 3 of Interpretation Note 19 - Year of assessment of natural persons and trusts: Accounts accepted to a date other than the last day of February on 9 October 2013.

This Note provides guidance on the Commissioner’s discretionary power to grant permission to a natural person or trust to submit financial accounts for a period (the "accounting period”) which differs from the year of assessment ending on the last day of February. 

Please click here to access Issue 3 of Interpretation Note 19.


Wilma H. Martindale says...
Posted 22 July 2015
Does this now indicate that an "Association of individuals", registered as either a PBO or not, must have a February year-end?



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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