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BPR 167 - Debentures tracking the value of a reference asset

03 April 2014   (0 Comments)
Posted by: Author: SARS Legal and Policy
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Author:  SARS Legal and Policy

BPR 167 - Debentures tracking the value of a reference asset

This ruling deals with the income tax consequences for a company that issues debentures to investors, the value of which tracks the price of specified quantities of a precious metal as reference assets.

Please click here to access BPR 167.


WHY REGISTER WITH SAIT?

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.

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