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Issue 1 of IN 63: Rules for the translation of amounts measured in foreign currencies - Archived

18 August 2015   (0 Comments)
Posted by: Author: SARS
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Author: SARS

This Note provides guidance on the application of the foreign currency translation rules contained in the Act, except for those in – 

  • section 24I; and
  • the Eighth Schedule which are dealt with in the Comprehensive Guide to Capital Gains Tax (Issue 3).

Please click here to view issue 1 of IN 63 (12  August 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.


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.

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