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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.


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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