SARS Issued BPR 160 - Incentive Payments on the 22nd of January 2014.
This ruling deals with incentive payments to be made in accordance with an incentive programme to be implemented for purposes of increasing trade. This BPR was however replaced on the 24th of January 2014, due to the amendment of point 6 thereof.
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.