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BCR 025 replaced to provide for textual changes and to correct "exercise" to "vesting"

02 September 2014   (0 Comments)
Posted by: Author: SARS
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Author: SARS

BCR 025 replaced to provide for textual changes and to correct "exercise" to "vesting" in the first two bullet points in paragraph 7 in the section 8C formulae

This ruling deals with the income tax implications for the employees/senior executives within a group of companies in relation to their respective participation in a share option plan/share appreciation rights plan created by a holding company, and the appropriate apportionment formula that must be used to determine the amount to be included in the income of the employees/senior executives. The ruling also provides guidance on the employer’s obligation to withhold employees’ tax.

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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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