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News & Press: Corporate Tax

Binding Class Ruling 008 replaced on 11 March 2015

11 March 2015   (0 Comments)
Posted by: Author: SARS
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Author: SARS

SARS has replaced BCR008 on the 11th of March 2015. 

The ruling deals with the tax consequences for pensioners whose former employers purchase annuity policies from insurers in the pensioners’ names. This is done in settlement of the employer’s obligation to pay medical aid contribution subsidies to ensure the pensioners continue to be members of medical aid schemes.

Please click here to view BCR008.


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