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News & Press: SARS News & Tax Administration

Binding Private Rulings - BPR 159 - Asset for Share and Amalgamation Transactions

17 January 2014   (0 Comments)
Posted by: Author: SARS Legal and Policy
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Author: SARS Legal and Policy

SARS Issued BPR 159 - Asset for Share and Amalgamation Transactions.

This ruling published on 16th of January 2014 deals with shares acquired in terms of an "asset-for-share transaction” as defined in section 42(1) of the Act and whether the merger of involved parties will be an "amalgamation transaction” as defined in section 44(1) of the Act. 

Please click here to download the Binding Private Ruling.



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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