SARS published BPR 166 - Change of place of incorporation (domicile) of a controlled foreign company on 1 April 2014.
This ruling deals with a change of domicile of a controlled foreign company and whether this change will be regarded as a "disposal” as defined in paragraph 1 and envisaged in paragraph 11 of the Eighth Schedule.
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.