This ruling from SARS deals with the waiver of debt used to
fund mining capital expenditure and the tax treatment in respect of the amount
that remains to be claimed as a deduction under section 15(a) read with section
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.