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News & Press: SARS News & Tax Administration

BPR 174 - Receipts of an incentive trust and vesting of shares in qualifying employees

29 July 2014   (0 Comments)
Posted by: Author: SARS
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Author: SARS

SARS has published Binding Private Ruling 174, which deals with the income tax and capital gains tax consequences arising  from cash contributions received by a share incentive trust and the vesting of shares, acquired by it, for the benefit of qualifying employees.

Please click here to access the ruling. 


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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