Print Page   |   Report Abuse
News & Press: SARS News & Tax Administration

BCR 045 - Post-retirement medical aid benefits

24 March 2015   (0 Comments)
Posted by: Author: SARS
Share |

Author: SARS 

SARS issued Binding Class Ruling (BCR) 045 on the 24th of March 2015.

This ruling deals with the consequences for employees whose post-retirement medical aid benefits will be cancelled and replaced with a once-off contribution to the employees’ pension fund.

Please click here to access BCR 045. 

WHY REGISTER WITH SAIT?

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.

MINIMUM REQUIREMENTS TO REGISTER

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.

Membership Management Software Powered by YourMembership  ::  Legal