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.
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.