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SARS Interpretation Notes

05 February 2014   (0 Comments)
Posted by: Author: SARS Legal and Policy
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Author: SARS Legal and Policy

​The following Interpretation Notes were updated and contain cross-references to one another.

In the grouping IN Numbers 21-40

  • IN 23 (Issue 3) - Public Benefit Organisations: Trading Rules - Partial taxation of trading receipts
  • IN 33 (Issue 3) - Assessed Losses: Companies: The "trade" and "income from trade" requirements

In the grouping IN Numbers 41-60

  • IN 44 (Issue 2) - Application of VAT to the gambling industry
  • IN 51 (Issue 2) - Pre-trade expenditure and losses



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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