SARS issued Interpretation Note
79 on the 22nd of September 2014 which provides guidance on the valuation of produce held and not disposed of
by nursery operators at the beginning and at the end of each year of assessment.
It also examines the capital gains tax consequences of the disposal of
here to access the Interpretation Note.
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.