SARS issued Interpretation Note No. 85 on the 27th of March 2015.
This Note discusses the impact of the judgment of the SCA in the Master Currency case on the interpretation and the application of section 11(2)(l), with particular reference to the principles highlighted by the SCA.
Please click here to access Interpretation Note No. 85.
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.