SARS has released BPR184, which
deals an asset for share transaction involving the disposal by a trust of its
shareholding in a company to another company, also wholly owned by the trust,
in exchange for an additional equity share to be issued by the transferee
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.