This ruling published on 07 February 2014, deals with the applicability of the definition of "listed share” in section 1(1) to preferred securities issued to South African investors by a company registered in a foreign country and with issues concerning distributions to the class members.
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.