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News & Press: Corporate Tax

Issue 3 of Interpretation Note 64 released by SARS

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

SARS has published issue 3 of Interpretation Note 64, which provides guidance on the application and interpretation of section 10(1)(e) of the Income Tax Act. This provision exempts from income tax the levy income of a body corporate , a share block company and an association of persons. It also provides a basic exemption for these qualifying entities.

Please click here to view issue 3 of IN 64 (17 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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