SARS has issued a draft Interpretation Note on headquarter companies. The draft Interpretation Note provides guidance on the provisions that provide special tax relief for headquarter companies, as well as the specific anti-avoidance rules that are designed to prevent misuse or abuse of those provisions.
The SAIT will be making submissions to SARS on this matter. Kindly submit comments to email@example.com by no later than 27 May 2015.
Please click here to access the draft 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.