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BPR 187 - Waiver of an intra-group loan that funded the acquisition of a mining operation

18 February 2015   (0 Comments)
Posted by: Author: SARS
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Author: SARS

SARS released BPR 187 on the 18th of February 2015. 

This ruling deals with the waiver of a loan that funded the acquisition of a mining operation as a going concern under an intra-group transaction contemplated in section 45 of the Income Tax Act.

Please click here to access BPR 187.


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.

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