Print Page   |   Report Abuse
News & Press: Transfer Pricing & International Tax

Shuttleworth v South African Reserve Bank (864/2013) [2014] ZASCA 157 (1 October 2014)

02 October 2014   (0 Comments)
Posted by: Author: Supreme Court of Appeal
Share |

Author: Supreme Court of Appeal

The Supreme Court of appeal delivered its judgement in the case between Shuttleworth v South African Reserve Bank on the 1st of October 2014.

 The judgement revolves around regulation 10(1)(c) of the Exchange Control Regulations – lawfulness of the imposition of a ten per cent exit levy by the South African Reserve Bank on the value of assets sought to be exported upon emigration – whether court can order repayment of the levy.

Please click here to access the judgement.


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.

Membership Management Software Powered by®  ::  Legal