SARS issued BGR 20: Interpretation of expression "substantially the whole" on 10 December 2013.
This binding general ruling provides clarity on the interpretation of the expression "substantially the whole” as referred to in sections 10(1)(cN), 10(1)(cO), 30B, and paragraph 63A of the Eighth Schedule to the Act and section 9(1)(c) of the Transfer Duty Act.
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.