This ruling deals with the disposal of shares through a share buy-back by a resident company from a non-resident person, and a donation of shares by the same non-resident person to another resident company, both for no consideration.
Please click here to access the ruling (15 June 2015).
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.