SARS published Draft IN (VAT) on the Master Currency case and Zero-rating of Supplies made to Non-residents for comment by no later than 31 May 2014.
This Note discusses the impact of the judgment of the SCA in the Master Currency case on the interpretation and the application of section 11(2)(ℓ), with particular reference to the principles highlighted by the SCA.
The SAIT will be making a submission to SARS on this matter. Kindly submit all comments to firstname.lastname@example.org by no later than 28 May 2014.
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.