On the 27th of February 2015, SARS released three notices on the applications approved for the section 12I Tax Allowance Programme.
The notice, in terms of section 12I(19)(d) of the Income Tax Act, publishes the decision to approve an application received for the 12I Tax Allowance Programme. The Minister of Trade and Industry has approved applications from the following companies: Premier Valves (Pty) Ltd, Nampak Products Ltd and PPC Ltd.
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.